Louise Lumley joins to manage Executive Assurance portfolio.
Sydney, 2nd November 2022 – Arch Insurance Australia (Arch) has today announced the appointment of Louise Lumley as Northern Region Underwriting Manager, Executive Assurance, effective 24 October 2022.
In this role, Lumley is responsible for managing the Executive Assurance portfolio and associated underwriting team for the Northern Region, which includes Queensland and New South Wales. Based in Sydney, she reports to Paula Ritchie, Underwriting Manager, Executive Assurance.
Lumley joins Arch from AIG Australia where she was a Financial Lines Senior Underwriter responsible for the major accounts segment of the corporate financial lines portfolio. Prior to this, she was a Financial Lines Underwriter at Chubb Insurance Australia within its independent broker unit.
Commenting on the appointment, Ritchie said: “Louise has earned a deserved market reputation for her dedication to delivering the highest possible service to broker partners, combined with an extensive knowledge of the financial lines sector. This approach is core to how we do business at Arch and her addition to the team will further enhance our high levels of service and ability to deliver informed solutions to respond to the needs of our brokers and mutual customers.”
Arch Insurance Australia, financial lines, executive assurance, Lumley, Ritchie
About Arch Insurance Australia
Arch Insurance Australia is part of Arch Insurance International. The company provides specialised insurance solutions across a wide range of industries and professions, operating across Accident & Health, Casualty, Financial Lines and Property product lines.
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 $15.1 billion in capital at June 30, 2022, 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 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; the Company’s ability to successfully integrate, establish and maintain operating procedures as well as consummate acquisitions and 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 Company’s gross and net exposures; the failure of others to meet their obligations to the Company; changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR and other factors identified in the Company’s 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 our 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.
Source: Arch Insurance International
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