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Arch Reinsurance Acquires Majority Stake in Precision Marketing to Expand Distribution Services in Asia-Pacific Market
Monday 06 July 2020

Bermuda-domiciled Arch Worldwide Reinsurance Group (Arch Re) has acquired a majority stake in Australia-based Precision Marketing Asia Pacific (PMAP) to continue expansion in Asia-Pacific, the company said.

Terms of the transaction were not disclosed.

PMAP has operations in Japan and Indonesia. The firm provides data-driven marketing and distribution solutions to banks, insurance companies, retail groups and affinity partners across the Asia-Pacific region.

By acquiring a majority stake, Arch is providing PMAP with corporate backing to continue its growth by expanding its Asia-Pacific presence. This transaction provides both Arch Re and PMAP increased distribution opportunities for life, accident and health products.

Arch Worldwide Reinsurance Group, a part of Arch Capital Group Ltd., provides reinsurance to its clients around the globe.

With offices in North America, Bermuda, Europe and Australia, Arch Reinsurance offers speciality risk solutions through treaty and facultative property and casualty reinsurance with a disciplined underwriting approach.
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Date Published: 06/07/2020

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