Arch North America Acquired Ventus Risk Management

Arch Insurance North America (“Arch”) acquired Ventus Risk Mgmt. (“Ventus”)

• Terms of the transaction were not disclosed
• Ventus’ leaders saw this transaction as beneficial to its employees, brokers, customers, carrier partners

Ventus is a tech and analytics-driven managing general underwriter specializing in E&S property

• Founded in 2016 by industry veterans George Reeth, Stuart Mercer and Richard Goldfarb
• Headquartered in Columbia, South Carolina
• Ventus primarily writes coastal commercial property solutions for small and mid-sized enterprises

Ventus has best-in-class analytics and modeling capabilities which provide a superior experience

• Trusted MGU for its capacity providers and a respected business partner for its producing brokers
• Going forward, third-party capital will provide capacity alongside Arch’s product offerings

Arch Insurance North America, part of Arch Capital Group Ltd. writes in the U.S. and Canada

• U.S. operations include Arch Insurance, Arch Specialty, Arch Excess & Surplus and Arch Indemnity

Arch Capital Group is a global (re)insurer providing insurance, reinsurance, and mortgage products

• Arch Capital had approximately $12.5 billion in capital at June 30, 2019

TCMA acted as exclusive financial advisor to Ventus; key roles and responsibilities included:

• Providing holistic risk, strategic and capital advisory services
• Leading a targeted sale process
• Managing an organized and accelerated due diligence process
• Analyzing and optimizing the ultimate transaction structure
• Assistance in the negotiation of final transaction terms and conditions
• Providing objective advice and acting as a confidant to the sellers throughout the process