Arch Insurance Group, a provider of insurance services to corporate and professional institutions, will relocate its corporate executives and support divisions to Jersey City, New Jersey. Approximately 300 jobs will be created at the new facility, which will be located in 100,000 square feet of office space in the Harborside Financial Center. "Jersey City offers an unmatched combination of economic incentives, first-class facilities, and a top-tier work force to sustain and grow these critical business functions well into the future," says Dennis Brand, Arch's chief administrative officer. The divisions are currently located in New York City. The state will provide incentives worth an estimated $9.6 million over the next 10 years.
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