Krista Bonneau to lead reinsurance and exposure management strategy
London, 4 March 2022 – Arch Insurance International, part of Arch Capital Group Ltd., has today announced the promotion of Krista Bonneau to the position of Chief Reinsurance and Exposure Officer, with immediate effect.
In this role, Bonneau will be responsible for developing and managing the ceded reinsurance and exposure management functions across Arch Insurance International’s portfolio. Based in London, she will report to Hugh Sturgess, President & Chief Executive Officer, Arch Insurance International.
Most recently, Bonneau was Senior Vice President of Ceded Reinsurance. She joined Arch Insurance Company in 2010 and joined the Ceded Reinsurance team in 2014 as an Assistant Vice President.
Commenting on the announcement, Sturgess said: “Our reinsurance procurement strategy has been a fundamental part of our strong growth in recent years. As part of our senior management team Krista has led the development of that strategy. This promotion also recognizes Krista’s contribution to our team and to our future in a dynamic and evolving marketplace.”
Bonneau added: “I am excited to be taking on this combined role, both to develop synergies between reinsurance and exposure management and to support Arch Insurance International’s goals for growth in the London Market and beyond. Our aim will be to ensure we maintain a balanced strategy which closely aligns with our overarching business objectives and helps facilitate our continued success.”
TAG WORDS
Arch Insurance International, reinsurance, Bonneau, Sturgess
EDITOR’S NOTES
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 $16.3 billion in capital at Dec. 31, 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
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