Arch launches new transport and logistics division

Arch Insurance International has launched a new transport and logistics insurance division to offer a global range of specialist and innovative marine and P&C insurance solutions for the logistics and cargo sectors.

The insurer said the division will offer packaged insurance products specifically designed for companies operating in the fast-growing third-party logistics sector, including contractual/professional liability, shipper’s interest cargo, and property and equipment cover.

Steve O’Gorman has joined Arch as head of transport & logistics to lead and grow the division. He will be responsible for bringing innovative products to market and capitalising on his extensive experience in the sector to build a diverse and sustainable portfolio of business. He will report to James Croome, active underwriter Arch Syndicate 2012 and head of fine art & specie.

O’Gorman joins Arch with more than 35 years of market experience spanning both the global cargo and logistics arenas. Previously, he was international head of marine & energy at Argo Group. Prior to that he worked at CNA Insurance Company for 19 years, most recently as European underwriting director – transport & logistics. He began his insurance career in 1984 at Sedgwick.

Croome said: “The launch of the transport and logistics division is a significant step for Arch given the growth potential we see in the sector. We believe that our ability to provide the breadth of cover – whether individual products or packaged solutions – through a single dedicated operation focused exclusively on the individual client will prove a winning market proposition.”

O’Gorman added: “We are excited about the potential to deliver market-advancing products in the cargo and logistics space. Our aim is to combine our market experience and technical underwriting expertise with data informed insight to deliver the scope and quality of products that this evolving marketplace requires.”

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