What is a variable annuity and how does it work?

đź“° Curated Industry Article

This is a summary of a full article from a trusted financial publication. Click “Read Full Article” below to read the complete story.

Arch Insurance North America, part of Arch Capital Group Ltd., has entered into an agreement to acquire Premier Dealer Holding Corp., and its subsidiaries including Premier Dealer Services (PDS), a provider of automotive Finance and Insurance (F&I) products and services.

What is a variable annuity and how does it work?Upon completion, this transaction will build on a long-standing relationship between Arch Insurance and Dublin, Ohio-based PDS, combining Arch’s extensive specialty insurance expertise with PDS’s administration capabilities, technology infrastructure and relationships.

Matt Shulman, CEO of Arch Insurance North America, commented: “PDS has built a strong business with an experienced team, differentiated technology and extensive dealer relationships.

“We know the company well. Bringing PDS and Arch together will strengthen our capabilities in the automotive F&I market and create new opportunities to serve our customers and partners.”

“Arch has been a trusted partner to Premier for many years, and we know and respect their team,” said John Topits, CEO of PDS. “Joining Arch gives us the financial strength and resources to keep investing in our people, products and technology, while our dealers and agents continue working with the same Premier team they know today.”

Marsh Re - New name. Expanded vision

The acquisition is expected to be closed by late 2026, subject to necessary regulatory approvals and standard closing conditions. Once the deal is completed, PDS will function as an independent business unit under Arch Insurance’s Consumer Division.

TD Securities is acting as the exclusive financial advisor to Arch, and Eversheds Sutherland LLP is serving as Arch’s legal advisor.

The post Arch to expand automotive F&I capabilities with Premier Dealer Services acquisition appeared first on ReinsuranceNe.ws.

Read Full Article on Source →

đź’ˇ What This Means For You

[afc_dynamic_insight]

ANNUITY FACTCHECK

Your Financial Security Starts Here

Whether you’re exploring fixed, variable, or indexed annuities — we provide the clear, unbiased information you need to protect your future.

Explore Annuity Types →

đź“° This article is sourced from a trusted financial publication. AnnuityFactCheck shares this for informational purposes only. Always consult a licensed financial advisor for personalized guidance.