Arch Insurance has named Hugh Sturgess as Chief Executive Officer (CEO) of Arch Insurance International and appointed Gale Lockbaum and Jean-Pierre Galipeault to senior roles within its Canada business.
Sturgess has been with Arch Insurance since 2005 and is currently President and CEO of Arch Insurance Canada, where he is responsible for a multi-line underwriting portfolio.
In his new position, which is effective from 1 January 2019, Sturgess will be tasked with managing Arch’s insurance operations in Europe, Bermuda and Australia from his base in London.
As CEO of Arch Insurance International, he succeeds Matt Shulman, who was recently named CEO of Arch Insurance North America.
Sturgess will report to Papadopoulo, Chairman and CEO of Arch Worldwide Insurance Group, who commented: “Hugh is an experienced industry executive who knows and values the Arch brand.
“His elevation to lead our International operations is well deserved, and I’m confident in his ability to successfully build on the transformation started by Matt Shulman.”
“Arch Insurance International underwrites a diverse portfolio of specialty insurance solutions across a number of geographies, with a key focus on providing value to our distribution partners and customers,” Sturgess added. “I look forward to the opportunity to work with our team in continuing to expand the value proposition of our International platform.”
In conjunction with Sturgess’s new appointment, Lockbaum will become President and Chief Operating Officer of Arch Insurance Canada, while Galipeault will become Arch Insurance Canada’s Chief Regional Executive, with both appointments effective from 1 January, 2019.
Lockbaum has been with Arch Insurance Canada since 2011 and currently serves as Chief Financial Officer. In his new role, he will be responsible for finance, actuarial, claims, risk and compliance, as well as overseeing regulatory matters.
Galipeault has been with Arch Insurance Canada since 2013 and has managed its Lenders business unit. He will now assume responsibility for strategy, distribution and underwriting.
“During the last five years under Hugh’s leadership, Arch Insurance Canada has experienced a successful turnaround and is now positioned to grow profitably,” said Shulman. “I am pleased that we are promoting from within and look forward to the operation’s continued success under Gale and Jean-Pierre.”