Arch Announces Strategic Leadership Changes
Arch Insurance announced Hugh Sturgess will assume the role of Chief Executive Officer, Arch Insurance International, effective Jan. 1, 2019, subject to regulatory approvals. Arch Insurance International includes Arch’s insurance operations in Europe, Bermuda and Australia.
Mr. Sturgess has been with Arch Insurance since 2005 and is currently President and CEO of Arch Insurance Canada Ltd., where he has strategic and operational responsibility for a multi-line underwriting portfolio. Before joining Arch, Mr. Sturgess held various roles in the financial services industry, including tenures with the Royal Bank of Canada and Chubb Insurance Company of Canada.
“Arch Insurance International underwrites a diverse portfolio of specialty insurance solutions across a number of geographies, with a key focus on providing value to our distribution partners and customers,” Mr. Sturgess said. “I look forward to the opportunity to work with our team in continuing to expand the value proposition of our International platform.”
Mr. Sturgess will be based in London and will report to Nicolas Papadopoulo, Chairman and CEO of Arch Worldwide Insurance Group. He succeeds Matt Shulman, who was recently named CEO of Arch Insurance North America.
“Hugh is an experienced industry executive who knows and values the Arch brand,” said Mr. Papadopoulo. “His elevation to lead our International operations is well deserved, and I’m confident in his ability to successfully build on the transformation started by Matt Shulman.”
In conjunction with Mr. Sturgess’ appointment, Arch Insurance announced the following appointments at Arch Insurance Canada Ltd., effective Jan. 1, 2019:
- Gale Lockbaum will become President and Chief Operating Officer of Arch Insurance Canada, with responsibility for finance, actuarial, claims, risk and compliance, as well as overseeing regulatory matters. Mrs. Lockbaum has been with Arch Insurance Canada since 2011 and currently serves as Chief Financial Officer.
- Jean-Pierre Galipeault will become Arch Insurance Canada’s Chief Regional Executive, with responsibility for strategy, distribution and underwriting. Mr. Galipeault has been with Arch Insurance Canada since 2013, successfully managing its Lenders business unit.
“During the last five years under Hugh’s leadership, Arch Insurance Canada has experienced a successful turnaround and is now positioned to grow profitably,” said Mr. Shulman. “I am pleased that we are promoting from within and look forward to the operation’s continued success under Gale and Jean-Pierre.”
