One of the market’s leading specialist legal expenses insurers has swooped for another legal expenses insurance and assistance provider in the UK and Republic of Ireland market.
AMTrust International, part of AMTrust Financial Services, has today announced the acquisition of Arc Legal Assistance. Arc is a managing general agent (MGA) that provides a range of legal expenses insurance and assistance products while managing more than 14 million policies across areas such as personal, commercial, motor, property owners, affinity, travel and leisure risks. Its products are distributed through partnerships with financial institutions, affinity groups, insurers and brokers.
Speaking about the acquisition, Helen Withers, managing director of Arc Legal, was hopeful about the future.
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AmTrust provides us with a robust and supportive structure from which to continue our growth,” she said. “They share our commitment to developing LEI products and services to respond to the evolving legal and regulatory structures, and support the expansion of our portfolio with new products. We also both see significant opportunities from investing in technology to improve the customer claims journey.”
Meanwhile, from AMTrust, Matthew Williams commented that Arc Legal has established a reputation for integrity and quality making it the perfect fit for the company.
“As an existing capacity provider to Arc Legal we already recognised how their approach and experienced team has established them as a leading provider delivering consistent underwriting performance with outstanding customer service delivery,” he said. “This acquisition affirms our appetite to continue to build a significant legal expenses presence.”
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