Bermuda reinsurer Arch buys Arron Banks’ Somerset Bridge
Arch Reinsurance has struck a deal to buy Arron Banks-backed Somerset Bridge, snapping up the motor managing general agent, distribution arm, affiliated insurer and claims operation for an undisclosed sum.
Subject to regulatory approval the subsidiary of Arch Capital will take over Somerset Bridge Group, Southern Rock Holdings and affiliates.
Personal lines broker Somerset Bridge Insurance Services
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