Arch Capital Group Ltd. (Arch) has announced the appointment of Seamus Fearon as the new CEO of International Mortgage for the Global Mortgage Group.
In his expanded role, Fearon will oversee Arch’s Australian and European mortgage operations, as well as the Government Sponsored Enterprise (GSE) Credit Risk Transfer (CRT) and Services business.
Fearon, who previously served as Executive Vice President of CRT and European Markets for Arch’s Global Mortgage Group, has a proven track record of success in managing and growing international operations.
His leadership in the GSE CRT business and European Significant Risk Transfer business has been instrumental in the group’s growth and diversification efforts.
David Gansberg, CEO of Arch’s Global Mortgage Group, expressed confidence in Fearon’s ability to drive further diversification of the company’s mortgage portfolio.
He noted that under Fearon’s leadership, the group has seen a substantial increase in underwriting profit from non-U.S. operations, from just over 10% in 2017 to nearly 40% today.
Fearon’s appointment aligns with Arch’s strategic focus on expanding its international presence and solidifying its position as a global leader in aggregating, managing, and syndicating mortgage credit risk.
Outgoing CEO of Arch’s International Mortgage Group, Beau Franklin, will transition to a new executive role within Arch MI’s parent company, Arch Capital Group Ltd.
Gansberg commended Franklin for his significant contributions over the past decade, including spearheading capital relief transactions in Europe and facilitating the growth of Arch’s Australian operations through the acquisition of Westpac Lenders Mortgage Insurance Limited.
Fearon joined Arch in 2012 and is a Fellow of the Institute and Faculty of Actuaries.
