Arch Insurance has announced the appointment of Matt Shulman as Chief Executive Officer of North America, a newly-created role that will see him lead the company’s U.S and Canada operations from 1 January 2019.
Shulman brings over 20 years’ experience to the role and will report to Nicolas Papadopoulo, Chairman and CEO of Arch Worldwide Insurance Group.
Shulman has been with Arch since 2009 and has served as the President and CEO of Arch Insurance Europe since 2016.
“Matt brings significant U.S. and international experience to this role,” said Papadopoulo.
“Under his leadership, together with our senior team, Arch Insurance will continue to enhance our value proposition to our customers through a robust, diversified product portfolio, creative solutions and excellent service.”
In addition to Shulman’s appointment, Arch has created a new organisational structure with three Chief Underwriting Officers dedicated to specific lines of business.
These CUOs – Brian First, Programs, Property and Specialty; John Rafferty, Financial and Professional Lines; and Rich Stock – will report to Shulman.
“We have a strong underwriting culture at Arch Insurance and firmly believe this new structure will better position us to use our expertise to become a go-to solution provider for our distribution partners,” commented Shulman.
“This will ultimately deliver greater value and differentiation to our clients.”
Lastly, John Mentz, who serves as President of Arch Insurance North America, has been promoted to the additional role of Arch Insurance Worldwide Chief Operating Officer.
Mentz oversees various corporate functions including finance, actuarial, operations and ceded reinsurance.
“Arch is known for its deep pool of talent and penchant for promoting from within,” added Papadopoulo.
“These well-deserved promotions not only reward individual success, they also strategically position Arch Insurance to continue to maximize our value proposition to our clients both now and into the future.”