Arch subsidiary taps Berkshire Hathaway for CIO
Bermuda-based Arch Capital's North American subsidiary has tapped Berkshire Hathaway a new chief information officer.
Arch Insurance North America said Prabhu Venkataraman (pictured) will be responsible for leading technology implementation and services across the segment, with a particular focus on strategic alignment, data enablement and empowering the business.
He will report to Prashant Nema, executive vice president and chief information officer of Arch Capital Services LLC and Brian First, president of Arch Insurance North America.
“Prabhu’s addition is another step forward for Arch as we continue to build scalable and enhanced capabilities and invest in our future through our talent,” First said. “Prabhu’s seasoned perspective will be critical as we continue to execute our business technology transformation strategy in support of ongoing strong market demand for Arch’s specialty insurance solutions.”
Venkataraman joins Arch from Berkshire Hathaway Specialty Insurance, where he was senior vice president, enterprise applications and architecture. In this role, Venkataraman led the development and implementation of business, strategic technology initiatives and Enterprise IT systems across the company.
He has more than two decades of industry experience, including technology and operational leadership positions at MassMutual Financial Group, Hewlett Packard, Cognizant Technology Solutions and others.
“Having led complex technology transformations and implementation at scale, Prabhu brings a wealth of specialised expertise that will be critical to evolving our Insurance operating model, with a north star technology platform and tech talent with modern skills,” Nema said.
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.