Jose Carlos Jiménez Fernández and Rafael Ortiz Losada join as Senior Cyber Underwriters.
Dublin, 18 October 2023 – Arch Insurance has today announced the appointments of Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as Senior Cyber Underwriters, effective immediately.
Jiménez Fernández and Ortiz Losada join Arch Insurance (EU) dac, which provides specialist property and casualty insurance solutions within the European Union.
Based in Madrid, they will be responsible for growing Arch’s European cyber insurance portfolio, writing primary and excess coverage across a broad range of sectors including energy & utilities, financial institutions and manufacturing. They will have a territorial focus on Spain and Portugal.
With a wealth of experience within the cyber field, Jiménez Fernández joins Arch from Tokio Marine HCC where he was most recently Cyber Manager for Southern Europe, the Middle East and Africa, and Latin America. Prior to this, he was a Senior Cyber Underwriter at AIG and has also held cyber risk management and security roles at Deloitte, PwC and EY.
Ortiz Losada also brings to the role extensive knowledge of the cyber insurance market in the region. He joins from AIG where he was most recently a Senior Cyber Underwriter based in Madrid. Prior to this he worked at Deloitte for over five years, rising to the position of Senior Consultant, Cyber Risk.
Commenting on the announcement, Matthew Brophy, Chief Underwriting Officer of Arch Insurance (EU) dac, said: “Jose and Rafael’s combined cyber security expertise, local market knowledge and breadth of relationships make them ideal appointments as we open our operations in Spain. We see considerable opportunity to expand our cyber proposition for our brokers in Europe as well as strengthen our overall position in the insurance market across the region. In their new roles, Jose and Rafael will play a central role in facilitating this.”
Nicolas Papadopoulo, Chief Underwriting Officer of Arch Capital Group Ltd. and Chief Executive Officer of Arch Worldwide Insurance Group, added: “Today’s announcement is another important milestone in our European expansion plans. The establishment of operations in Spain will enable us to better service our brokers in the region and bring critical local-market knowledge to support our continued growth.”
TAG WORDS
Arch Insurance, Arch Insurance (EU) dac, Arch Capital Group Ltd., European Union, appointment, cyber, Spain, Portugal, Jiménez Fernández, Ortiz Losada, Brophy, Papadopoulo
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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