O’Neill named Onshore Power & Renewables Underwriting Manager; Thomas appointed Senior Onshore Energy Underwriter
London, 29 January 2025 – Arch Insurance International (Arch) has today announced the promotion of Michael O’Neill to Onshore Power & Renewables Underwriting Manager, effective immediately, as part of the company’s expansion of its open market renewable energy property business.
In this role, O’Neill is responsible for building out Arch’s global portfolio and leading the underwriting activities of its open market renewables insurance business, spanning wind, solar and battery storage. Based in London, he reports to Hannah Hutton, Head of Onshore Energy.
Most recently, O’Neill was a Senior Onshore Energy Underwriter having joined Arch in 2020. Prior to this, he was an Underwriter at StarStone Insurance.
Arch has also announced the appointment of Charlie Thomas as Senior Onshore Energy Underwriter, with immediate effect.
In this role, Thomas is responsible for supporting the development of Arch’s onshore energy portfolio and providing a broad range of solutions across both the conventional and renewable energy sectors worldwide. Based in London, he also reports to Hutton.
Thomas joins Arch from Shell where he was most recently a Risk & Insurance Team Lead, having previously been a Senior Underwriter at Chubb.
Commenting on the announcements, Hutton said: “This marks a key step in Arch’s growth strategy for the renewables sector as we begin underwriting in the open market, alongside our continued support of MGAs in this space. Michael is a highly technical underwriter with extensive market knowledge and proven leadership skills. Under his direction, we will expand our insurance offering and service capabilities further to support existing and new clients through the energy transition.
We are also delighted to welcome Charlie to the Onshore Energy team. His unique industry expertise will be invaluable as we continue to develop and expand our scope of solutions to address the evolving needs of our clients in this sector.”
TAG WORDS
Arch Insurance International, Energy, Renewables, appointment, Michael O’Neill, Hannah Hutton, Charlie Thomas
EDITOR’S 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.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $25 billion in capital at September 30, 2024, 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 the Company’s 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 the Company’s 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 the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s 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 the effect of contagious diseases on our business; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has 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 the Company of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to the Company; an incident, disruption in operations or other cyber event caused by cyber attacks, the use of artificial intelligence technologies or other technology on the Company’s systems or those of the Company’s business partners and service providers, which could negatively impact the Company’s business and/or expose the Company to litigation; and other factors identified in our filings with the U.S. Securities and Exchange Commission (SEC).
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 the Company’s behalf are expressly qualified in their entirety by these cautionary statements. The Company’s forward-looking statements speak only as of the date of this press release or as of the date they are made, and the Company undertakes 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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Source: Arch Insurance (UK) Limited
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