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Arch Capital looking to expand underwriting operations in Ireland after Brexit

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Arch Capital looking to expand underwriting operations in Ireland after Brexit

Arch Capital Group Ltd. is working with the Central Bank of Ireland to gain regulatory approval to continue certain underwriting operations of its U.K. insurer Arch Insurance Co. (Europe) Ltd. and its Gibraltar insurer Alwyn Insurance Co. Ltd. after the U.K. leaves the European Union.

Those operations will be carried out from an existing Ireland-based insurance platform with supplemental business licenses acquired to match those used in the current U.K. and Gibraltar operations, according to a news release.

Arch Capital expects its plans to ensure continuity of its operations across the EU to be approved and in place ahead of Brexit.