Arch appoints new international CEO, reshuffles leadership

Arch Insurance has appointed Hugh Sturgess as the new CEO of Arch Insurance International, succeeding Matt Shulman who was  recently named CEO of Arch Insurance North America.

Arch Insurance International includes the company's insurance operations in Europe, Bermuda and Australia.

Sturgess has been with Arch 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, he held various roles in the financial services industry, including tenures with the Royal Bank of Canada and Chubb Insurance Company of Canada.

Sturgess will be based in London and will report to Nicolas Papadopoulo, chairman and CEO of Arch Worldwide Insurance Group, who 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.”

Sturgess commented: “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.”

In addition to Sturgess' appointment, the company has also made key leadership changes at Arch Insurance Canada, 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. 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, 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.”

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