New offering enables Arch to provide middle market solutions for U.S. customers with foreign operations.
NEW YORK – October 1 – Arch Insurance today announced a new foreign casualty package to expand its multinational offerings and provide middle market solutions for U.S. customers with foreign operations. As part of this package, Arch will offer Foreign Voluntary Workers’ Compensation, Foreign Commercial General Liability, Foreign Automobile Liability and Physical Damage lines of coverage with Kidnap, Ransom and Extortion and Travel Accident and Sickness slated for release in 2021.
“Insight into the daily challenges facing our Defense Base Act broker partners and insureds led us to a new way of thinking about risk,” said Shane McCaffrey, SVP, Defense Base Act. “Their feedback helped us step outside the box to create a new sophisticated foreign casualty solution, which includes highly specialized resources supported by a team of experienced professionals that puts our clients first.”
All plans include two in-country deployments per traveler per year for crises including, but not limited to response and evacuation related to global pandemic, political threats and natural disasters. All Foreign Voluntary Workers’ Compensation policyholders will also have full access to CAPTM Advantage, a technology platform powered by FocusPoint International, Inc., with an interactive risk management dashboard and employee mobile app offering safety and security features such as location-based tracking, one-touch assistance and destination-based alerts and advisories.
“How we deploy our resources – underwriting, risk control, claims and assistance staff – is the real measure of success and the linchpin of any foreign program,” said Sarah Potts, Product Line Manager – Foreign Casualty. “Whether it’s boots-on-the-ground medical and security or general travel help, getting the right resources to our insureds is our specialty.”
This package provides solutions for customers that emphasize taking a People First approach to business. These are the first of many foreign solutions coming to market in 2021. Please click here to learn more. Inquiries should be directed to Sarah Potts at [email protected] or 832 375 4264.
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 publicly listed Bermuda exempted company with approximately $16.7 billion in capital at June 30, 2021, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
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The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements.
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