May 14, 2024

Arch Launches Instant Quote and Bind Regional Events Insurance Solution

Event cancellation coverage on an indemnity and pioneering agreed value basis offered through Arch IQ®, a new instant quote and bind platform

London, 14 May 2024 – Arch Insurance International (Arch) has today announced the launch of its specialist regional events insurance for UK-domiciled insureds, available via Arch IQ®, a new quote and bind platform.

The product provides comprehensive event cancellation cover for a wide range of UK and European regional events, including conferences and exhibitions, fairs and fêtes, music events, and sports events.

In addition to offering traditional indemnity coverage, Arch is the first insurer to provide event cancellation cover available on an agreed value basis. This parametric option provides coverage up to a chosen limit, ensuring immediate claims payment upon confirmation of cover following the cancellation or postponement of an event.

The product also offers a selection of extension options, enabling coverage to be tailored to insureds’ specific needs. These include civil commotion, computer system failure, key person, national mourning and terrorism.  

The cover is available via Arch’s new instant quote and bind platform, Arch IQ. With a minimal question set, the online system enables brokers to secure a quote in as little as 60 seconds and instantly bind the risk. In addition, risks with limits of indemnity up to £5 million can go through Arch IQ without the need for a referral.

Timothy Rolph, Contingency Underwriter, will manage the product and Arch IQ to ensure brokers are provided with a responsive service and have access to technical expertise for more complex risks.

Chris Rackliffe, Head of Contingency and Accident & Health said: “The launch of our regional event cancellation insurance via Arch IQ is an exciting milestone in our digital strategy to improve our service capabilities and deliver the speed and efficiency of online trading supported by dedicated underwriting expertise. Our aim is to provide quick and simple access to complex events coverage for insurance buyers who may have traditionally found it difficult to obtain this type of protection, and with our innovative agreed value option, insureds have the reassurance of a swift claims service.”

He added: “We view the human aspect of digital trading as an essential part of meeting our brokers’ and clients’ needs. Timothy will be focused on working with our brokers to develop our digital Contingency solutions, including expanding the geographic reach of our products and adding event liability coverage to the Arch IQ platform.”


Arch Insurance International, Arch IQ, events insurance, contingency, Timothy Rolph, Chris Rackliffe


About Arch Insurance International

Arch Insurance International is part of Arch Capital Group Ltd. and includes Arch Insurance UK and the P&C insurance operations of Arch Insurance (EU) dac, as well as Arch’s insurance operations in Europe, Bermuda and Australia.

About Arch Capital Group Ltd.

Arch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $22.1 billion in capital at March 31, 2024, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Cautionary Note Regarding Forward-looking Statements

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 the Company’s 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.

Forward−looking statements can generally be identified by the use of forward−looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or their negative or variations or similar terminology. Forward−looking statements involve the Company’s current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere;  ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage the our gross and net exposures; the failure of others to meet their obligations to the Company; a disruption caused by cyber-attacks or other technology breaches or failures on the Company or the Company’s business partners and service providers, which could negatively impact the Company’s business and/or expose the Company to litigation; and other factors identified in our filings with the U.S. Securities and Exchange Commission (“SEC”).

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward−looking statements attributable to us or persons acting on the Company’s behalf are expressly qualified in their entirety by these cautionary statements. The Company undertakes no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.


Source: Arch Insurance (UK) Limited

Media Contacts

Patrick Palmer 

Head of Marketing and Communications, Arch Insurance International

M +44 7900 743664

Nigel Allen or Suzanne Hirst

PR agency – Allen & Clapham

M +44 7988 478824 / M +44 7988 140357