AmTrust buys Arc Legal
Deal adds 14 million policies to USA-led firm.
Arc Legal Assistance has been bought by AmTrust International for an undisclosed amount.
AmTrust International is a wholly owned subsidiary of New-York based AmTrust Financial Services - a multinational property and casualty insurer specialising in the SME market.
The deal adds 14 million policies to the firm across a range of legal expenses insurance (LEI) and assistance products in the UK and Republic of Ireland.
Managing general agent Arc Legal covers personal, motor, commercial, affinity, property owners, travel and leisure risks.
Structure
Helen Withers, managing director of Arc Legal, said: "AmTrust provides us with a robust and supportive structure from which to continue our growth.
"They share our commitment to developing LEI products and services to respond to the evolving legal and regulatory structures, and support the expansion of our portfolio with new products.
"We also both see significant opportunities from investing in technology to improve the customer claims journey."
Reputation
Matthew Williams, head of AmTrust Law and responsible for running the specialist legal expenses insurance division said: "Arc Legal has established a reputation for quality and integrity in the products and services it provides to a significant customer base.
"As an existing capacity provider to Arc Legal we already recognised how their approach and experienced team has established them as a leading provider delivering consistent underwriting performance with outstanding customer service delivery."
He concluded: "This acquisition affirms our appetite to continue to build a significant legal expenses presence."
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