Sergio Pierro joins as Senior Cyber Underwriter and Roxanne Deslandes as Cyber Underwriter
Dublin, 25 October 2023 — Arch Insurance has today announced the appointments of Sergio Pierro as Senior Cyber Underwriter and Roxanne Deslandes as Cyber Underwriter effective immediately.
Pierro and Deslandes join Arch Insurance (EU) dac, which provides specialist property and casualty insurance solutions within the European Union. Based in Paris, Pierro’s key responsibilities — working closely with Deslandes — are to establish its operations in France and grow the company’s European cyber insurance portfolio, writing both primary and excess coverage for multinational organisations.
Pierro is a highly experienced cyber insurance practitioner who joins Arch from AXA XL, where he was most recently Underwriting Manager, Cyber. Before that he was a Cyber and Professional Indemnity Underwriter at XL Catlin beginning in 2008.
Deslandes joins from Bessé where she was a member of the cyber risk advisory team. Her extensive cyber expertise spans insurance, broking and cybersecurity advisory, and she has previously held roles at Marsh, Airbus and Thales.
Commenting on the announcement, Matthew Brophy, Chief Underwriting Officer of Arch Insurance (EU) dac said: “Sergio has a wealth of experience within the French insurance market and is ideally placed to launch our operations in Paris, working closely with Roxanne to grow our cyber portfolio. Their combined depth of expertise and broker relationships will be essential as we continue to build our service proposition and establish Arch as a leading carrier within Europe.”
This follows the recent announcement by Arch Insurance of the appointments of Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as Senior Cyber Underwriters in Madrid, Spain.
TAG WORDS
Arch Insurance, Arch Insurance (EU) dac, Arch Capital Group Ltd., European Union, appointment, cyber, France, Pierro, Deslandes
EDITOR’S NOTES
About Arch Insurance (EU) dac
Arch Insurance (EU) dac is part of Arch Insurance International and provides comprehensive insurance products including: accident & health, cyber and technology, financial institutions, healthcare, professional liability, property and terrorism across multiple business sectors.
The company is based in Dublin with branch offices in the UK and select EU locations. Arch Insurance (EU) dac is a wholly owned subsidiary of Arch Capital Group Ltd. The company was formed and is authorised by the Central Bank of Ireland to write all classes of business (excluding Class 18).
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 $17.4 billion in capital at June 30, 2023, 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 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; 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 the our gross and net exposures; the failure of others to meet their obligations to the Company; a disruption caused by cyber-attacks or other technology breaches or failures on the Company or 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 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
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M +44 7900 743664
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