Arch issues Q4 2018 loss estimate
New head of US property at Arch
Arch Capital sees Q2 2018 profits rise
Arch Insurance has revealed that Matt Shulman will assume the newly created role of chief executive officer (CEO), Arch Insurance North America, effective January 1, 2019.
Shulman will lead Arch Insurance’s operations in the United States and Canada. He will report to Nicolas Papadopoulo, chairman and CEO of Arch Worldwide Insurance Group.
Shulman has been with Arch Insurance since 2009 and has served as the president and CEO of Arch Insurance Europe since 2016. has more than 20 years of experience in the insurance industry
“Matt brings significant US and international experience to this role. Under his leadership, together with our senior team, Arch Insurance will continue to enhance our value proposition to our customers through a robust, diversified product portfolio, creative solutions and excellent service,” Papadopoulo said.
Arch Insurance has also created a new organizational structure with three chief underwriting officers (CUO) dedicated to specific lines of business. These CUOs will provide strategic, dedicated oversight of their business units. These executives will report to Shulman. The three newly named CUOs are: Brian First as CUO – programs, property and specialty; John Rafferty as CUO – financial and professional lines; and Rich Stock as CUO – large account casualty and surety.
“We have a strong underwriting culture at Arch Insurance and firmly believe this new structure will better position us to use our expertise to become a go-to solution provider for our distribution partners. This will ultimately deliver greater value and differentiation to our clients,” Shulman said.
In addition, John Mentz, who serves as president of Arch Insurance North America, has been promoted to the additional role of Arch Insurance Worldwide chief operating officer. Mentz oversees various corporate functions including finance, actuarial, operations and ceded reinsurance. He will bring his skills and expertise to a global level to build out best practices across multiple Arch Insurance geographies. Mentz joined Arch Insurance in 2002.
“Arch is known for its deep pool of talent and penchant for promoting from within,” said Papadopoulo. “These well-deserved promotions not only reward individual success, they also strategically position Arch Insurance to continue to maximize our value proposition to our clients both now and into the future.”
Arch Insurance, appointments, executives, North America, US