Arch Insurance Company (Europe) has promoted Matthew Shulman to president and chief executive officer (CEO), effective 1 July 2016.
Shulman has worked at Arch Insurance US since 2009 and currently serves as executive vice president (EVP), responsible for its executive assurance and professional liability underwriting units.
He will succeed James Weatherstone, who helped build Arch Insurance Europe over the past 12 years and will remain with the company through until 31 December 2016 to facilitate the leadership transition.
Prior to joining Arch, Shulman served in various senior underwriting and executive positions, with a focus on global financial and professional liability lines, which are key product offerings of Arch Insurance Europe.
When Shulman takes on his new role, the executive assurance and professional liability underwriting units of Arch Insurance US will continue to be subject to the oversight of John Rafferty, EVP, executive assurance, healthcare and professional liability.
David McElroy, chairman and CEO of Arch Worldwide Insurance Group, said: “Matt has done an outstanding job for us since joining the company seven years ago, and his promotion is well deserved. Promoting from within the company is another indication of the importance we place on our unique culture and the strength and depth of our management team.
“We are also grateful to James for his contributions over the years. With his guidance, Arch Insurance Europe has become a significant participant in the marketplace, and we wish him the best in his future endeavours.”
Arch Insurance, Matthew Shulman, Insurance, President, CEO, Bermuda, Europe, North America, Appointment