In August 2021 Somerset Bridge Group was Acquired by Arch Re.
Arch Re is a leading global A+ rated Reinsurer which currently operates in over twenty locations
William Soares, Head of Specialty for Arch Re said, “Somerset has been a client of Arch Re for 11 years, which gives us significant insight and confidence in the business and the team. This proposed acquisition supports our strategy of diversifying our sources of premium and allows for collaborative cycle management of the class over time.
“This transaction also anchors our UK motor coinsurance and reinsurance capacity with a fully integrated platform. Somerset brings strong product and distribution capabilities. Coupled with Arch’s analytical capabilities and capital management, the combination of our two firms will provide an enhanced proposition to our customers, stakeholders and third-party capital providers.”