Dublin-based Arch Insurance (EU) dac, a subsidiary of Arch Insurance International has hired Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as Senior Cyber Underwriters, effective immediately.
Both the appointments are based out of Madrid. The pair will be responsible for growing Arch’s European cyber insurance portfolio, writing primary and excess coverage across a broad range of sectors including energy & utilities, financial institutions and manufacturing.
The territorial focus of both Fernández and Losada is Spain and Portugal.
Matthew Brophy, Chief Underwriting Officer of Arch Insurance (EU) dac, commented on the appointments: “Jose and Rafael’s combined cyber security expertise, local market knowledge and breadth of relationships make them ideal appointments as we open our operations in Spain.
“We see considerable opportunity to expand our cyber proposition for our brokers in Europe as well as strengthen our overall position in the insurance market across the region. In their new roles, Jose and Rafael will play a central role in facilitating this.”
Fernández has gained experience within the cyber field and joins from Tokio Marine HCC. Most recently, he served as the Cyber Manager for Southern Europe, the Middle East and Africa, and Latin America. Prior to that, he was a Senior Cyber Underwriter at AIG, and has also held cyber risk management and security roles at Deloitte, PwC and EY.
Losada also has extensive knowledge of the cyber insurance market in the region. Most recently, he was at AIG where he served as the Senior Cyber Underwriter based in Madrid. Prior to this, he worked at Deloitte for over five years, rising to the position of Senior Consultant, Cyber Risk.
Nicolas Papadopoulo, Chief Underwriting Officer of Arch Capital Group Ltd. and Chief Executive Officer of Arch Worldwide Insurance Group, concluded: “Today’s announcement is another important milestone in our European expansion plans. The establishment of operations in Spain will enable us to better service our brokers in the region and bring critical local market knowledge to support our continued growth.”
