Arch announces management reshuffle
Arch Capital Group has unveiled a string of senior management changes to its Worldwide Reinsurance Group.
Jerome Halgan, currently the president and CEO of Arch Reinsurance Company in the US, has been promoted to the role of CEO of Arch Reinsurance in Bermuda. Matt Dragonetti, currently head of property at Arch Reinsurance, will take on the additional role of president. In addition, Michelle Seymour-Smith will assume the role of chief operating officer of Arch Reinsurance while maintaining her responsibilities as chief financial officer.
In the US, Ken Vivian has been promoted to the newly created role of CEO of Arch Re North America. In this capacity, Vivian will maintain his current role as CEO of Arch Re Facultative Underwriters, but also assume the CEO role with Arch Reinsurance Company. Peder Moller returns to Arch Reinsurance Company to serve as chief underwriting officer.
Finally, Pierre Jal, currently the chief underwriting officer of Arch Reinsurance Europe Underwriting, Arch’s European reinsurance operations, will relocate to Bermuda to join Arch Reinsurance as the global chief underwriting officer. Arch said that the proposed changes are subject to all necessary regulatory approvals.
“My sincere congratulations to Jerome, Matt, Michelle, Ken, Peder and Pierre,” said Maamoun Rajeh, the chairman and CEO of Arch Worldwide Reinsurance Group. “In their hands, our reinsurance companies will no doubt live up to our aspirations to continuously expand the possible for our clients and brokers. We at Arch could not be more thrilled that these promotions are internal. We are fortunate to have such depth of talent within our team. We will begin to implement these changes early next year as we maintain our focus on the upcoming renewal season in the fourth quarter.”