Arch Announces Closing Of McNeil Acquisition
Bermuda-based Arch Capital Group Ltd. announced the completion of its previously disclosed acquisition of McNeil & Co. [McNeil], a nationwide leader in specialized risk management and insurance programs.
McNeil & Co., headquartered in Cortland, New York, will operate as an independent, wholly owned subsidiary of Arch Insurance.
“We are excited to complete this transaction, which will allow us to deploy Arch’s substantial resources to help McNeil expand their presence in the program space,” said Nicolas Papadopoulo, Chairman and CEO of Arch Worldwide Insurance Group.
“We know that McNeil’s reputation and talented workforce will be a real asset to our operations and will enable us to continue to expand what is possible for our clients in the United States.”
