Tom Stoyle appointed as Senior Underwriter
London, 17 November 2021 – Arch Insurance International (Arch or the Company) has today announced the appointment of Tom Stoyle as Senior Underwriter, Contingency, effective 24 November, as the Company continues to expand its position in the sector.
Stoyle will join Arch from Hiscox. Having joined the company in 2013, he initially worked within the Political Risk, Contingency and Kidnap & Ransom teams before becoming a Contingency Underwriter in 2016.
The announcement follows the recent appointments of Chris Rackliffe as Head of Contingency and Accident & Health and Claire Atley as a Senior Underwriter, Contingency. Rackliffe is a leading figure in the contingency arena with over 25 years of market experience, while Atley, who brings over 12 years of underwriting experience to the role, is a highly accomplished practitioner in the sector.
Offering insurance solutions on a worldwide basis, the contingency team operates across multiple sectors, such as event organisers, media companies, broadcasters, advertising agencies and sponsors. Coverage includes event cancellation, non-appearance, weather, terrorism and political violence for events, prize indemnity, film production and advertising agency protection.
Arch also recently became part of the UK Government Scheme for Live Events which began in September. The scheme provides cover for live events in the UK which are open to the public, including music events, sports events and trade shows.
Rackliffe said: “We are delighted that Tom will join our highly experienced contingency team as we continue to bolster our presence in the sector. We are well-positioned to further support our brokers by working collaboratively to deliver informed solutions, backed by responsive service and supported by a highly experienced claims team.”
Arch Insurance International, contingency, insurance, Stoyle, Atley, Rackliffe
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 $16.1 billion in capital at Sept. 30, 2021, 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 (UK) Limited
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