Arch Insurance has appointed Hugh Sturgess as Arch Insurance International’s CEO, effective 1 January 2019 subject to regulatory approvals.
Image: Arch Insurance appoints new CEO for subsidiary. Photo: Courtesy of rawpixel/Unsplash
Arch Insurance International includes Arch’s insurance operations in Europe, Bermuda and Australia.
Sturgess has been with Arch Insurance since 2005 and is currently President and CEO of Arch Insurance Canada, where he has strategic and operational responsibility for a multi-line underwriting portfolio. Before joining Arch, Sturgess held various roles in the financial services industry, including tenures with the Royal Bank of Canada and Chubb Insurance Company of Canada.
Sturgess said: “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.
“I look forward to the opportunity to work with our team in continuing to expand the value proposition of our International platform.”
Sturgess will be based in London and will report to Arch Worldwide Insurance Group Chairman and CEO Nicolas Papadopoulo. He succeeds Matt Shulman, who was recently named CEO of Arch Insurance North America.
Papadopoulo said: “Hugh is an experienced industry executive who knows and values the Arch brand.
“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 Sturgess’ appointment, Arch Insurance announced the following appointments at Arch Insurance Canada Ltd., effective 1 January, next year:
Gale Lockbaum will become Arch Insurance Canada, president and chief operating officer with responsibility for finance, actuarial, claims, risk and compliance, as well as overseeing regulatory matters. 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. Galipeault has been with Arch Insurance Canada since 2013, successfully managing its Lenders business unit.
Shulman said: “During the last five years under Hugh’s leadership, Arch Insurance Canada has experienced a successful turnaround and is now positioned to grow profitably.
“I am pleased that we are promoting from within and look forward to the operation’s continued success under Gale and Jean-Pierre.”
Source: Company Press Release