London, 13 May 2020 – Arch Insurance International, part of Arch Capital Group Ltd., has today announced the promotion of Simon Williams to the newly created position of Chief Strategy & Distribution Officer, with immediate effect.
In this role, Williams is responsible for generating and implementing innovative strategies to bolster business growth. He will assist in the alignment and development of the company’s strategic objectives across the business, including underwriting, distribution, business development, marketing and communications. His areas of focus will include maintaining and developing key strategic partnerships and initiatives with brokers; boosting Arch Insurance International’s market profile and relevance; and enhancing collaboration across Arch to further expand its global platforms.
Williams is a highly experienced insurance practitioner with over 35 years of industry experience. He joined Arch Insurance International in 2018 as Senior Vice President, Strategy and Distribution. Prior to this, he spent 22 years at Hiscox, most latterly as a Partner and Head of Marine & Energy and Wordings.
Williams is also an active participant in maintaining standards across the profession globally and has previously been Chairman of the Joint Rig Committee (JRC) and also Chairman of the Energy Committee of the Institute Union of Marine Insurers (IUMI).
Commenting on the announcement, Hugh Sturgess, President & Chief Executive Officer, Arch Insurance International, said: “Our decision to establish this role reflects the considerable growth — both organic and through acquisition — that has been achieved by Arch Insurance International in recent years. It is vital that we achieve strategic alignment across our activities Simon is a clear fit for this role given his previous experience and his pivotal contribution to our acquisition of Barbican Group Holdings Limited in 2018. I am confident that he and the team will play a central role in helping to set our strategic direction and support our continued growth.”
TAGS / KEYWORDS
Arch Insurance International, Williams, Sturgess, appointment, strategy
EDITORS NOTES
About Arch Insurance International
Arch Insurance International is part of Arch Capital Group Ltd. and includes Arch Insurance UK and the P&C insurance operations of Arch Insurance (EU) dac, as well as Arch’s insurance operations in Europe, Bermuda and Australia.
Arch Insurance International, part of Arch Capital Group Ltd., includes Arch’s insurance operations in Europe, Bermuda and Australia. Arch Insurance International provides specialised property and liability insurance programmes to a wide range of industrial and commercial companies and financial institutions.
About Arch Syndicate 2012
Arch Syndicate 2012 underwrites a diverse portfolio of business, including casualty, credit & political risk, energy, fine art & specie, healthcare, marine liability, property and terrorism, political violence and war.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a Bermuda-based company with approximately $13.10 billion in capital at March. 31, 2020, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
Cautionary Note Regarding Forward-looking Statements
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward−looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements.
Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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Media Contacts
Patrick Palmer
Head of Marketing and Communications, Arch Insurance International
M +44 7900 743664
Nigel Allen or Suzanne Hirst
PR agency – Allen & Clapham
M +44 7988 478824 / M +44 7988 140357