Arch Insurance coverage has promoted Sebastian Terry to go of accident & well being (A&H) and Georgina Raeburn to senior A&H underwriter.
Terry might be liable for managing the underwriting actions throughout the Arch A&H portfolio. He’ll report back to Chris Rackliffe, head of contingency, and has been on the agency since 2004.
Raeburn joined Arch in 2019 following its acquisition of Barbican and was most lately an underwriter for the corporate.
Lino Leoni, chief underwriting officer, Brief Tail Strains mentioned: “The promotions of Seb and Georgina present the extremely robust expertise inside our A&H group. Seb is an impressive underwriter and extremely revered out there, each by our friends and brokers, making him the proper selection to guide the group. I’m assured that below his management we are going to proceed to develop our relevance and ship prime quality service for our brokers. I’m additionally delighted for Georgina’s well-deserved promotion which displays each her technical experience and power of dealer relationships.
“Lastly, I wish to thank Dennis for his appreciable contribution to Arch and to the group’s success. We want him the easiest for his retirement.”
Arch Insurance coverage North America (Arch Insurance coverage), a division of Arch Capital Group (Arch Capital), signed a grasp transaction settlement to amass the US property of AGCS final month.
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The deal includes the sale of AGCS’ US MidCorp and leisure insurance coverage companies, together with choose specialty insurance coverage programmes, for $450m in money.
Arch will tackle round $2bn in loss reserves linked to the acquired operations.
The entire transaction worth is $1.4bn, which incorporates the money consideration and $1bn in capital help for the acquired property.
