M&A Deal Summary

Arch Capital Acquires McNeil

On November 1, 2018, Arch Capital acquired insurance company McNeil

Acquisition Highlights
  • This is Arch Capital’s 7th transaction in the Insurance sector.
  • This is Arch Capital’s 4th transaction in the United States.
  • This is Arch Capital’s 1st transaction in New York.

M&A Deal Summary
Date 2018-11-01
Target McNeil
Sector Insurance
Buyer(s) Arch Capital
Deal Type Add-on Acquisition

Target

McNeil

Cortland, New York, United States
McNeil & Co., Inc. is an insurance company offering possible specialized coverage, along with a full array of risk management services, to help customers maximize preparedness and grow their businesses. McNeil & Co. was formed in 1989 and is based in Cortland, New York.

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Buyer(S) 1

Buyer

Arch Capital

Pembroke, Bermuda
Category Company
Founded 1995
Sector Insurance
Employees6,400
Revenue 13.3B USD (2023)
DESCRIPTION

Arch Capital is a reinsurance and insurance company. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. Arch Capital was founded in 1995 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 7 of 13
Sector (Insurance) 7 of 12
Type (Add-on Acquisition) 2 of 7
State (New York) 1 of 1
Country (United States) 4 of 5
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 The Ardonagh Group - Commercial MGA Businesses

London, United Kingdom

The Ardonagh Group - Commercial MGA Businesses is a full-service managing general agent (MGA) encompassing Commercial Lines, Personal Lines, Agriculture, a London Market business, Geo Specialty, and a European MGA; Geo Europe. With 15 offices across the UK and Europe, Geo Underwriting offers a wide underwriting footprint, diverse product range, and A-rated capacity.

Buy £31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Barbican Insurance Group

London, United Kingdom

Barbican Insurance Group underwrites business predominantly through syndicates at Lloyd’s. Delivering a first-class insurance underwriting and claims service, providing innovative and bespoke solutions, whatever the complexity of risk. Barbican’s lines of business include cyber, marine reinsurance, property reinsurance, energy and specialty lines.

Buy -
Mergr

Product

Company

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