Arch Insurance International has unveiled a new transport and logistics insurance division and appointed Steve O’Gorman to lead it as head of transport and logistics.
The new division offers a range of specialist marine and property and casualty insurance for both the logistics and cargo sectors globally. It will also offer packaged insurance products designed for companies operating in the fast-growing third-party logistics sector, including contractual/professional liability, shipper’s interest cargo, and property and equipment cover.
O’Gorman has over 35 years of market experience and was formerly international head of marine and energy at Argo Group, having joined the company in 2016. He also worked at CNA Insurance for 19 years, most recently as European underwriting director for transport and logistics.
At Arch he is responsible for bringing innovative products to market and building a diverse and sustainable portfolio of business. He reports to James Croome, active underwriter at Arch Syndicate 2012 and head of fine art and specie.
Croome said Arch sees growth potential in the transport and logistics sector. “We believe that our ability to provide the breadth of cover – whether individual products or packaged solutions – through a single dedicated operation focused exclusively on the individual client will prove a winning market proposition,” he said.
O’Gorman added: “Our aim is to combine our market experience and technical underwriting expertise with data informed insight to deliver the scope and quality of products that this evolving marketplace requires.”
Arch Insurance, Steve O’Gorman, James Croome, Transport and logistics