businesswire

Arch Insurance to Acquire Ventus Risk Management

NEW YORK--(BUSINESS WIRE)--Arch Insurance North America (“Arch”) today announced it has entered into a definitive agreement to acquire Ventus Risk Management (“Ventus”), a technology and analytics-driven managing general underwriter (“MGU”) that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventus was founded in 2016, with the aim of using its proprietary technology to improve automation, efficiency and risk selection. Ventus has become…