May 21, 2024

Arch UK Regional Division Appoints New Claims Relationship Manager

Adam Waterstreet brings extensive insurance claims experience to the role

London, 21 May 2024: Arch Insurance UK Regional Division has today announced the appointment of Adam Waterstreet as Claims Relationship Manager, with immediate effect.

In his new role, Waterstreet is responsible for overseeing account management activities for brokers across the UK regions, strengthening client relationships and developing opportunities to enhance Arch’s claims proposition further. Covering all Arch’s 11 regional offices, he reports to Steve Turvey, Head of Claims – First Party.

Waterstreet brings over 10 years of claims experience to the role and joins Arch from Aon where he was a Claims Management Executive managing large client accounts. Prior to this, he was a Claims Relationship Manager at Allianz having joined the company in 2014.

Arch provides comprehensive claims services across its specialty risk solutions for UK clients spanning a wide range of industries. The company operates a number of Specialty Claims Units staffed by dedicated product-line claims professionals across Marine, PI, Digital, Property, Casualty, Personal Accident and Travel.

Commenting on Adam’s appointment, Steve Turvey said: “We are delighted to welcome Adam to our UK Regional team. He is a highly experienced claims professional with a strong record of driving claims management improvements and efficiencies, while providing excellent customer service. At Arch, we provide our clients with access to dedicated claims specialists who are empowered to deliver a customer-centric service and dedicated to developing more robust relationships .”


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About Arch Insurance (UK) Limited.

Arch Insurance (UK) Limited is part of Arch Insurance International and provides specialised commercial property, casualty, motor, professional liability, personal accident and travel insurance solutions through its extended office network across the UK.

Arch Insurance (UK) Limited is authorised and regulated by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.

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 $22.1 billion in capital at March 31, 2024, 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.

Source: Arch Insurance (UK) Limited