Rajeh Appointed CEO Of Arch Re Europe
Mr. Maamoun Rajeh will be appointed President and Chief Executive Officer of Arch Re Europe from 1 July 2012. Mr. Rajeh will succeed Mr. Helmut Söhler, who will assume the position of Vice Chairman of Arch Worldwide Reinsurance Group.
Mr. Rajeh assumes his new position from Arch Reinsurance Ltd. (Arch Re Bermuda), where he has served as Chief Underwriting Officer since 2005. Mr. Rajeh has been with Arch Re Bermuda since 2001 and has 20 years of experience in our industry across a wide range of products. These changes are expected to become effective 1 July 2012, but remain subject to regulatory approvals.
Marc Grandisson, the Chairman of Arch Worldwide Reinsurance Group, stated: “I look forward to continuing to work closely with Helmut in his new role with the Arch Worldwide Reinsurance Group, providing strategic advice to all of us. Maamoun joins Arch Re Europe at an important time, which underlies our confidence in his abilities and our commitment to the European market.“
Mr. Jerome Halgan, currently the Head of Specialty at Arch Re Bermuda, will assume the role of Chief Underwriting Officer of Arch Re Bermuda from 1 July 2012. In addition, Mr. Matthew Dragonetti, currently Head of US Property Treaty has been promoted to the role of Head of Worldwide Property of Arch Re Bermuda. Both promotions are subject to Bermuda immigration approvals.
Arch Re Europe is part of Arch Capital Group Ltd., a Bermuda-based company with approximately $5.24 billion in capital at March 31, 2012, which provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries.
