Arch Insurance (UK) Ltd | June 25, 2020
All of the defendants in the Financial Conduct Authority’s (FCA) High Court business interruption test case have served their defences, and Insurance Business brings you some of the key points from the documents.
“The true position is that a number of separate, individual actions were taken and advice given by different bodies, with different aims and different effects on different businesses and sectors of the UK economy,” said Arch in its 22-page defence. “It is only official governmental or local authority actions or advice preventing access to insured premises which are relevant to the government or local authority action clause.
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HEALTH INSURANCE
Arch Insurance | February 15, 2021
Arch Insurance Company today reported another online platform that permits brokers to quickly cost and buy Business Travel Accident (BTA) strategies for U.S.- based organizations with up to 250 business travelers. The platform, called Arch BTAExpressTM, use a state-of-the-art underwriting and technology experience, permitting straightforward arrangement plan determination, estimating and restricting of BTA approaches, with most statements conveyed very quickly. The outcome is a significant decrease in the time and exertion it takes brokers to acquire inclusion for their customers' business travelers.
“We’re pleased to announce our new BTA product options and platform, in an environment where efficiency and simplicity are definite advantages,” said Jeff Ray, SVP, Arch Insurance Company, Accident & Health. “We are anticipating an increased interest in travel insurance coverage for both business and leisure travel due to heightened COVID-19 awareness, and our new approach to connecting brokers and insureds with our products will simplify the process.”
Arch's BTA items offer businesses a decision of item alternatives that incorporate the capacity to add out-of-country clinical cost inclusion. All plans incorporate important travel assistance services, including however not restricted to overall clinical and clearing assistance for workers and any accompanying relatives just as other forte advantages to help with the expenses of recovery, advising, family gathering and childcare needs coming about because of accidents while on business travel.
The technology utilized for this online experience expands on Arch's honor winning RoamRight® travel insurance advancements and platform through which travel counsels and insureds have been buying recreation travel insurance for just about 10 years.
About Arch Insurance North America
Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a Bermuda-based company with approximately $15.8 billion in capital at Dec. 31, 2020, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
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GlobeNewswire | August 27, 2020
Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired Ohio-based, McCamon Hunt Insurance Agency Inc. Terms of the deal were not disclosed. Located in Boardman, Ohio, just south of Youngstown, McCamon Hunt adds to Risk Strategies’ existing footprint and stable of expert talent in the state. Founded in 1996 through a merger, the firm traces its roots to 1939 and boasts outstanding client retention with some remaining for more than 20 years. The current business and insurance market environment underscores the need for expert consultation in risk and liability management,” said John Mina, Risk Strategies’ CEO. “We saw in McCamon Hunt an opportunity to partner with a team that has built outstanding success upon its skills and the trust it has engendered in its clients.” An all lines agency with offerings spanning group health, commercial package, life insurance and personal lines, McCamon Hunt’s client base is deeply loyal with many top accounts relying on the firm for multiple key product lines. Business segments the agency counts among its clients span from contractors and distributors to real estate and engineering firms.
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