July 22, 2020

Arch Insurance Australia expands Property team

Arch Insurance Australia expands Property team

Lee Teirney appointed Property Underwriter

Sydney, 22 July 2020 – Arch Insurance Australia, part of Arch Insurance International, has today announced the appointment of Lee Teirney as an Underwriter within its property division, with immediate effect.

Based in Sydney, Teirney will develop property and business interruption insurance solutions including schemes, programs and facilities across a number of sectors and professions. The team specializes in the hospitality, poultry, low hazard SME and retail sectors. Teirney will report to Mark Bailey, Property Underwriting Manager.

Teirney is a highly experienced underwriter and has worked across the commercial and corporate insurance markets, as well as the broking sector, during his 15-year insurance career. Most recently, he was a National Account Executive within the Affinity & Schemes division at Marsh & McLennan, and has previously worked for Insurance House, Liberty International Underwriters and IAG Insurance.

Commenting on the appointment, Dominic Brannigan, Regional Manager, Arch Insurance Australia, said: “At Arch, we place great importance on building long-term relationships with our brokers. Lee’s experience and expertise span both the underwriting and broking sectors. He is an ideal addition to our team and will play a key role in helping us to further strengthen our relationships in the property sector.”

TAG WORDS

Arch Insurance Australia, Arch Insurance International, Property, Teirney, 

EDITOR’S NOTES

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 Financial Lines, Property, Casualty and Accident & Health 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 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 (“PSLRA”) 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 ours 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, for purposes of the PSLRA or otherwise, can generally be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” and similar statements of a future or forward-looking nature 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; the effect of contagious diseases (including 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;  changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR 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