ERS grows business capabilities with Arcus deal

The specialist motor insurer, ERS, has announced a deal to financially back Arcus, Lloyd’s syndicate 1856, providing the company with the capability to write targeted specialty commercial and reinsurance lines. 

The transaction sees ERS acquire the business capability, but not the firm’s prior liabilities.

The move follows an announcement of “expansion plans”, as ERS intends to act upon the recent investment from private equity owner, Aquiline. 

Peter Bilsby, newly appointed CEO at ERS, said: “Following on from announcing our expansion plans, we’re delighted to have been able to move quickly to kick-start our growth plans. 

“We have an ambitious agenda to create a balanced multi-class insurance and reinsurance business over the medium term.”

Bilsby was appointed to lead the firm’s plans to extend its core motor business to enter specialty commercial insurance lines.

He added: “The last month or so has been exceptionally busy as we have been building out our strategy to create a modern, analytical business. We look forward to welcoming the Arcus team into the fold.”

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