Arch Capital Group (ACGL) has successfully completed Canadian insurance and reinsurance operations domestication under a new legal entity named Arch Insurance Canada Ltd. (Arch Canada).
Since 2005, Arch Canada has been operating as Canadian branch of Arch Insurance Company (a US affiliate), but will now started writing business through a new operating subsidiary.
Toronto-based Arch Canada is licensed in all Canadian provinces and territories.
Arch Worldwide Insurance Group chairman and chief executive officer David McElroy said, "The current change in structure marks a commitment to the Canadian insurance marketplace and positions the new entity with a solid foundation for further growth and product expansion."
The Bermuda-based firm provides insurance and reinsurance wholly-owned subsidiaries on a worldwide basis.