Arch Insurance Group, a member of Arch Capital Group Ltd., said it has completed its acquisition of Wexford Underwriting Managers, a managing general underwriter.
On Jan 1, 2007, Arch Insurance Group entered into an agreement with Wexford Underwriting Managers to write excess workers' compensation business and employers liability insurance. At the same time, Arch also entered into an asset purchase agreement to acquire the operations of Wexford from Aon Corporation, including the renewal rights of the business.
The Wexford operation will be renamed Arch Wexford.
Wexford currently underwrites excess workers' compensation insurance for qualified self-insureds.
Arch Insurance Group Inc. is a member of Arch Capital Group Ltd. based in Bermuda.
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