Arch insurance full#
It now offers a full range of coverages by the job, month or year for over 300 types of small businesses – including contractors and handymen, photographers, event organisers, personal trainers, retail stores and restaurants. But driven by demand for their 'insurance when you need it' proposition, they soon expanded into other areas and renamed the business Thimble. The company was initially conceived to provide one-day drone insurance for drone operators and was named Verifly. Thimble has come a long way since it was founded by Bregman and fellow co-founder Eugene Hertz in 2016. I’m equally excited to see how our team’s digital experience can benefit Arch and its distribution partners.” is a specialty insurer that serves corporations, law firms, and finance companies in North America, Europe, and Australia. The entire Thimble team is looking forward to working with Arch and our existing carrier partners to grow the platform. Jay Bregman, Co-Founder of Thimble, adds: “We are delighted to join the Arch family. “We’re excited about growing the Thimble platform and applying many of its digital practices across Arch to better serve our partners.” The Thimble team has created a best-in-class digital experience for small business customers and agents to acquire and manage insurance. Jay Rajendra, Arch Insurance’s Chief Strategy and Innovation Officer, says: “At Arch, we’re always looking to expand our digital solutions and create new, easy ways to do business with us. Arch ‘acquiring a best-in-class digital insurer’ Arch Insurance’s parent company, Arch Capital Group, is a publicly listed Bermuda exempted company with approximately $15.6bn in capital and part of the S&P 500 Index. It has delivered more than 170,000 policies to small businesses across the US since May 2018, during which time it has also raised more than US$25mn in funding.Īrch Insurance says the deal will expand its suite of digital solutions for small business customers and brokers. Both the travel insurance producer and the underwriter referenced above may be reached at 1-84.
Arch insurance license#
The company was founded by Clements Robert in March 1995 and is headquartered in Hamilton, Bermuda.US-based Arch Insurance is acquiring small business insurtech Thimble, which provides flexible insurance for small firms and tradesmen including contractors, landscapers and creative professionals.īased in New York, Thimble makes it easier for businesses to take out insurance coverage by the job, month or year. Plans are offered and disseminated by registered travel retailers on behalf of Arch Insurance Solutions Inc., a licensed travel insurance producer (CA License 0I18111, TX License 1787195).
The Corporate segment represents net investment income, other income, corporate expense, interest expense, net realized gains and losses, and net impairment losses. (Arch Capital or ACGL) is an American Bermuda-based public limited liability company which writes insurance, reinsurance and. and international mortgage insurance and reinsurance operations as well as GSE credit risk sharing transactions. The Reinsurance segment is composed of reinsurance underwriting which offers specialty product lines such as casualty, marine and aviation, other specialty, property catastrophe, property excluding property catastrophe, and other.
Arch insurance professional#
The Insurance segment consists of insurance underwriting units which offer specialty product lines like construction and national accounts, excess and surplus casualty, lenders products, professional lines, and programs. It operates through the following segments: Insurance, Reinsurance, Mortgage, Corporate, and Other. engages in the provision of property and casualty insurance and reinsurance lines.
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