Arch announces retirement of veteran underwriter

Veteran insurer Tony Hay is to retire as president and chief underwriting officer of Arch Insurance (Bermuda) at the end of the year.

Hay, who tripled the Bermuda operation’s premiums after taking charge in 2018, spent two decades at Arch.

Hugh Sturgess, president and chief executive officer, Arch Insurance International said: “Tony has been essential to the success of Arch Insurance (Bermuda) both in terms of underwriting stewardship and building an impressive team. He has inspired those around him to a commitment in delivering the highest possible standards for our brokers and clients.

“We are grateful for his huge contribution to Arch and wish him all the very best for his retirement.”

Hay joined Arch in 2002 and established the Bermuda professional lines team, which he managed until his promotion to chief underwriting officer in 2011. Prior to joining Arch, Hay was vice president, underwriting, at Ace Bermuda Insurance and has held a series of senior roles across an insurance career spanning 45 years.

He came to Bermuda to join Johnson & Higgins, which later merged with Marsh, in 1988 and joined Ace in 1988.

Arch Insurance (Bermuda) will announce the appointment of Hay’s successor shortly.