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Arch Insurance coverage has promoted Sebastian Terry to go of accident & well being (A&H) and Georgina Raeburn to senior A&H underwriter.
Terry will likely be answerable for managing the underwriting actions throughout the Arch A&H portfolio. He’ll report back to Chris Rackliffe, head of contingency, and has been on the agency since 2004.
Raeburn joined Arch in 2019 following its acquisition of Barbican and was most lately an underwriter for the corporate.
Lino Leoni, chief underwriting officer, Quick Tail Strains stated: “The promotions of Seb and Georgina present the extremely sturdy expertise inside our A&H crew. Seb is an excellent underwriter and extremely revered available in the market, each by our friends and brokers, making him the right alternative to guide the crew. I’m assured that underneath his management we are going to proceed to develop our relevance and ship top quality service for our brokers. I’m additionally delighted for Georgina’s well-deserved promotion which displays each her technical experience and energy of dealer relationships.
“Lastly, I wish to thank Dennis for his appreciable contribution to Arch and to the crew’s success. We want him the easiest for his retirement.”
Arch Insurance coverage North America (Arch Insurance coverage), a division of Arch Capital Group (Arch Capital), signed a grasp transaction settlement to amass the US belongings of AGCS final month.
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The deal includes the sale of AGCS’ US MidCorp and leisure insurance coverage companies, together with choose specialty insurance coverage programmes, for $450m in money.
Arch will tackle round $2bn in loss reserves linked to the acquired operations.
The entire transaction worth is $1.4bn, which incorporates the money consideration and $1bn in capital assist for the acquired belongings.
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