Arch Underwriting at Lloyd’s has launched a new office Arch Underwriting at Lloyd’s (South Africa), as part of the Arch Insurance Europe underwriting platform, which comprises of Arch Insurance Company (Europe) and Arch Underwriting at Lloyd’s in London and Arch Underwriting at Lloyd’s (Australia) in Sydney, Australia.
Arch Underwriting at Lloyd’s (South Africa) is managed by Steve Fogarty, regional director South Africa and will have focus on commercial property business. Most recently, he held regional responsibility for the Chartis (formally AIG) commercial property and terrorism products in Africa.
James Weatherstone, president and CEO of Arch Insurance Europe, said: “The establishment of an Arch owned and managed underwriting platform in Johannesburg is another significant development for our Lloyd’s syndicate.
“Together with the recent opening of the Arch Sydney office led by Adam Matteson, the new Johannesburg office complements our strategy of developing indigenous business which does not typically come into London. With Steve on board, we have an experienced technical underwriter with over 20 years of experience in the African market.”