Bermuda-based specialty insurer Arch Insurance Group has rolled out increased limits product of up to $5m on its General Liability coverage in the newly formed Contract Binding Operations.

Currently, the Arch Contract Binding Operations unit delivers general liability to select and difficult-to-place small and medium size commercial customers using a chosen network of wholesalers countrywide.

Arch Insurance contract binding operations senior executive vice president & head Glenn Yanoff said that the new product is a very powerful addition to its agent network with many additional products at varying stages of development and deployment.

"Arch continues to apply significant resources and is dedicated to becoming a leader in the Contract Binding arena," Yanoff added.

The company offers an array of property, casualty and specialty insurance products for corporations, professional firms and financial institutions across the US and Canada.

Arch Insurance Group manages Arch Insurance Company, Arch Specialty Insurance Company and Arch Excess & Surplus Insurance Company.