Arch Insurance has completed the acquisition of Axiom Underwriting, following its initial purchase of a 60% share in the business in 2015.

The acquired business, which generated £20m GWP in 2018, will become part of the recently formed Arch UK regional division, focused on commercial property, casualty, motor, professional liability, personal accident and travel. Twenty employees will move to Arch.

CEO at Arch UK, Steve Bashford commented: “We are pleased to announce the completion of the acquisition of the remaining shares in Axiom, which was the origin of Arch’s decision to become more visible in the UK Regional markets,” said Steve Bashford, CEO of the Arch UK Regional Division. “We are excited to make it a fully integrated part of the expanding UK Regional presence that Arch is building.”

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