Arch announces new executive appointments
Arch Insurance has announced Hugh Sturgess is the new chief executive officer (CEO) of Arch Insurance International, as from the beginning of 2019, subject to regulatory approvals.
Sturgess has been with Arch Insurance since 2005 and is currently president and CEO of Arch Insurance Canada, where he has strategic and operational responsibility for a multi-line underwriting portfolio. Before joining Arch, Sturgess held various roles in the financial services industry, including tenures with the Royal Bank of Canada and Chubb Insurance Company of Canada.
“Arch Insurance International underwrites a diverse portfolio of specialty insurance solutions across a number of geographies, with a key focus on providing value to our distribution partners and customers,” Sturgess said. “I look forward to the opportunity to work with our team in continuing to expand the value proposition of our International platform.”
Sturgess will be based in London and will report to Nicolas Papadopoulo, chairman and CEO of Arch Worldwide Insurance Group. He succeeds Matt Shulman, who was recently named CEO of Arch Insurance North America. Arch Insurance International includes Arch’s insurance operations in Europe, Bermuda and Australia.
“Hugh is an experienced industry executive who knows and values the Arch brand,” said Papadopoulo. “His elevation to lead our International operations is well deserved, and I’m confident in his ability to successfully build on the transformation started by Matt Shulman.”
In conjunction with Sturgess' appointment, Arch Insurance announced the following appointments at Arch Insurance Canada, effective Jan. 1, 2019:
Gale Lockbaum will become president and CEO of Arch Insurance Canada, with responsibility for finance, actuarial, claims, risk and compliance, as well as overseeing regulatory matters. Lockbaum has been with Arch Insurance Canada since 2011 and currently serves as chief financial officer.
Jean-Pierre Galipeault will become Arch Insurance Canada’s chief regional executive, with responsibility for strategy, distribution and underwriting. Galipeault has been with Arch Insurance Canada since 2013, successfully managing its Lenders business unit.
“During the last five years under Hugh’s leadership, Arch Insurance Canada has experienced a successful turnaround and is now positioned to grow profitably,” said Shulman. “I am pleased that we are promoting from within and look forward to the operation’s continued success under Gale and Jean-Pierre.”
