Arch Insurance, a division of Bermuda-based re/insurer Arch Capital Group, has promoted Jose Carlos Jiménez Fernández as Head of Cyber for Europe, and Rafael Ortiz Losada as Head of Cyber for Iberia of Arch Insurance (EU) dac (AIEU), effective immediately.
Sergio Pierro remains as Head of Cyber for France, responsible for the execution of the strategic development of the cyber portfolio in Northern Europe and will work closely with Jiménez Fernández.
Arch explained that both Jiménez Fernández and Ortiz Losada are highly accomplished practitioners.
In his new role, Jiménez Fernández is based in Madrid and will expand AlEU’s cyber portfolio. He leads the underwriting strategy, product development and distribution of AIEU’s cyber solutions across Continental Europe.
Ortiz Losada is also based in Madrid and, in his new role, will expand Arch’s cyber portfolio across Spain and Portugal. The portfolio spans primary and excess coverage for cyber, tech E&O and media E&O across a broad range of sectors.
Jiménez Fernández joined Arch in 2023, most recently serving as the Head of Cyber for Iberia, and was the Cyber Manager for Southern Europe, the Middle East and Africa, and Latin America at Tokio Marine HCC before that.
Ortiz Losada also joined Arch in 2023 as a Senior Cyber Underwriter, having previously been a Senior Cyber Underwriter at AIG.
Matthew Brophy, Chief Underwriting Officer, AlEU, commented on the appointments, “The promotions of Jose and Rafael into these leadership roles are thoroughly deserved. Both have consistently demonstrated exceptional technical expertise, strong leadership, and the ability to build successful broker relationships in the European cyber market.
“We see significant opportunities to expand Arch’s cyber portfolio across Continental Europe, and Jose will spearhead our ambitions, working closely with Rafael and Sergio to drive growth across Iberia and Northern Europe and strengthen our proposition for our brokers and clients.”
