Arch Insurance Europe has acquired 100% of Resource Underwriting Pacific, a Melbourne-based managing general agent.
Resource Underwriting Pacific will be added to Arch Insurance Europe’s current holdings in Australia.
Paul Muller, the former managing director of Resource Underwriting Pacific will become senior vice-president of Arch Underwriting’s Australian affiliate in Australia.
Muller said: “This is fantastic news for both Resource Underwriting Pacific and our broker partners.
“We have been searching for a partner for a couple of years who would share our vision to develop an all commercial lines platform in Australia.
“This strategic step will give Arch in Australia the best possible platform with which to achieve our ambitions for growth in this region,” Muller added.