Arch Insurance International, part of Arch Capital Group Ltd., has hired Argo Group’s Steve O’Gorman to lead its newly launched transport and logistics insurance unit, effective immediately.
The insurer’s new division provides a range of specialist marine and P&C insurance solutions for the logistics and cargo segments, on a global basis.
Additionally, it will provide packaged insurance solutions designed specifically for firms operating in the third-party logistics sector, including contractual / professional liability, shipper’s interest cargo, and property & equipment protection.
As Head of Transport and Logistics, O’Gorman takes on responsibility for brining innovative products to market and leveraging his extensive experience in the industry to develop a diverse and sustainable portfolio of business.
In his new role, he will report to James Croome, Active Underwriter Arch Syndicate 2012 and Head of Fine Art & Specie.
O’Gorman brings over 35 years of market experience to Arch, having previously served as International Head of Marine & Energy at Argo Group. Prior to Argo, a company he joined in 2016, he worked at CNA Insurance Company for 19 years, most recently serving as European Underwriter Director – Transport & Logistics.
On the new division launch and appointment, Croome said: “The launch of the transport and logistics division is a significant step for Arch given the growth potential we see in the sector. We believe that our ability to provide the breadth of cover – whether individual products or packaged solutions – through a single dedicated operation focused exclusively on the individual client will prove a winning market proposition.”
O’Gorman added: “We are excited about the potential to deliver market-advancing products in the cargo and logistics space. Our aim is to combine our market experience and technical underwriting expertise with data informed insight to deliver the scope and quality of products that this evolving marketplace requires.”