Arch Re Announces Executive Promotions
Arch Reinsurance Company announced several promotions in its leadership team that were effective January 1, 2022.
A spokesperson said, “Peder Moeller became CEO, while Jessica Bongiorno was promoted to Chief Underwriting Officer [CUO], Property and Specialty, and Joshua Hackett assumed the role of CUO, Casualty and Specialty.
“The promotions coincide with the retirement of former Arch Re North America CEO Ken Vivian at the end of 2021.
“Moeller has nearly 14 years of tenure with Arch and has served as CUO for Arch Re Co. since 2017. Moeller has also held roles as Managing Director, Treaty Casualty and prior to that Director of Workers Comp and Casualty Clash.
“Moeller originally joined Arch Re in 2007 as the Assistant General Manager of Arch Re Accident & Health out of Copenhagen. As CEO, Moeller will have responsibility for the company’s overall direction and sustainable profitability.
“Bongiorno has been with Arch Re Co. since 2006, most recently as Head of Property. In her new role, she will lead the Property, Aviation, Crop, Surety and Workers Comp Cat and Clash teams.
“Hackett joined Arch Re Co. in 2016 as Director of Casualty Treaty before being promoted to Head of Casualty. As CUO, Casualty and Specialty, he will lead the Casualty, Professional Liability and Structured teams.
“Together, Bongiorno and Hackett will work with business unit heads and the underwriting team to drive best-in-class performance and further establish Arch Re Co. as a leading U.S. reinsurer.”
“I want to thank Ken Vivian for leading the Arch Re franchise in North America and wish him the best in his well-earned retirement,” said Maamoun Rajeh, Chairman and CEO of Arch Worldwide Reinsurance Group.
“Our bench is deep and our next generation of leaders is stepping up. Peder did an excellent job as CUO and is highly respected by both Arch’s clients and his colleagues. I’m excited to see Arch Re Co. continue to grow under his leadership.
“Jess and Josh’s promotions to co-CUOs highlight the caliber of people we have at Arch Re and our emphasis on promoting from within. We have an incredible trajectory at Arch Re Co. and I’m looking forward to the next chapter.”
Moeller added “I’m honored to be able to take over as CEO of Arch Re Co. I learned so much from Ken and I look forward to working with Jess and Josh – and the entire Arch Re Co. team – as we continue to build our capabilities. Going forward, we will continue to focus on being the first call for creative problem solving with our clients and brokers, and maintaining a sustainable, profitable business.”
