Arch Insurance International promotes new CFO

Arch Insurance International has promoted Marie Penberthy to the position of chief financial officer following the departure of Jason Kittinger.

As CFO, Penberthy will be responsible for the finance function, including accounting, financial planning and analysis, and reporting. Based in London, she will report to Hugh Sturgess, president and chief executive officer of Arch Insurance International, a subsidiary of Bermuda-based Arch Capital.

Penberthy joined Arch Insurance (UK) in 2022 as a financial controller before becoming CFO of the UK operations in December, 2023. Previously, she was corporate financial controller at Talbot Underwriting.

Arch said her appointment formed part of Arch’s succession planning strategy and followed the departure of Kittinger from the role. Kittinger also held the role of chief operating officer at the company.

Sturgess said: “Marie is a valuable addition to our executive team with a firm understanding of our finance function and a vision for further modernisation building on previous successful projects and performance enhancements. She has the support of a very skilled team behind her, I welcome Marie to this role.”

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