Arch Capital Make Senior Management Changes
Bermuda-based Arch Capital Group Ltd. announced a number of senior management changes in its Worldwide Reinsurance Group and Bermuda office.
Jerome Halgan, currently the President and Chief Executive Officer of Arch Reinsurance Company in the U.S., has been promoted to the role of Chief Executive Officer of Arch Reinsurance Ltd. in Bermuda.
Matt Dragonetti, currently Head of Property at Arch Reinsurance Ltd., will take on the additional role of President.
In another change at Arch Reinsurance Ltd., Michelle Seymour-Smith will assume the role of Chief Operating Officer while maintaining her responsibilities as Chief Financial Officer.
In the U.S., Ken Vivian has been promoted to the newly created role of Chief Executive Officer of Arch Re North America.
In this capacity, Mr. Vivian will maintain his current role as Chief Executive Officer of Arch Re Facultative Underwriters Inc., but also assume the Chief Executive Officer role with Arch Reinsurance Company. Peder Moller returns to Arch Reinsurance Company to serve as Chief Underwriting Officer.
Finally, Pierre Jal, currently the Chief Underwriting Officer of Arch Reinsurance Europe Underwriting dac, their European reinsurance operations, will relocate to Bermuda to join Arch Reinsurance Ltd. as the Global Chief Underwriting Officer.
The proposed changes are subject to all necessary regulatory approvals.
Maamoun Rajeh, the Chairman and Chief Executive Officer of Arch Worldwide Reinsurance Group, commented: “My sincere congratulations to Jerome, Matt, Michelle, Ken, Peder and Pierre.
“In their hands, our reinsurance companies will no doubt live up to our aspirations to continuously expand the possible for our clients and brokers. We at Arch could not be more thrilled that these promotions are internal.
“We are fortunate to have such depth of talent within our team. We will begin to implement these changes early next year as we maintain our focus on the upcoming renewal season in the fourth quarter.”
Arch Capital Group Ltd., a Bermuda-based company with approximately $11.13 billion in capital at June 30, 2017, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
