Bermuda-based Arch Capital Group Ltd. has announced numerous executive promotions at its U.S. reinsurer Arch Reinsurance Company (Arch Re Co.), including the appointment of Peder Moeller as Chief Executive Officer (CEO), effective January 1st, 2022.
Also effective from this date, Jessica Bongiorno was promoted to Chief Underwriting Officer (CUO), Property and Specialty, and Joshua Hackett was named CUO, Casualty and Specialty.
The three promotions coincide with the retirement of former Arch Re North America CEO, Kevin Vivian, at the end of last year.
New CEO, Moeller, has been with Arch for almost 14 years and has served as Arch Re Co. CUO since 2017. During his tenure, has also held roles as Managing Director, Treaty Casualty, and as Director of Workers Comp and Casualty Clash. He first joined the company’s reinsurance arm in 2007 as the Assistant General Manager of Arch Re Accident & Health in Copenhagen.
In his new role, Moeller takes on responsibility for the firm’s overall direction and sustainable profitability.
Bongiorno, who most recently served as Head of Property, has been with Arch Re Co. since 2006. In her new role as CUO, Property and Specialty, she will lead the Property, Aviation, Crop, Surety and Workers Comp Cat and Clash teams.
Hackett first joined Arch Re Co. in 2016 as Director of Casualty Treaty, later being promoted to Head of Casualty. In his new role, he will lead the Casualty, Professional Liability and Structured teams.
Bongiorno and Hackett will work with business unit leaders and the underwriting team in order to deliver best-in-class performance and further establish Arch Re Co. as a leading U.S. reinsurance company.
Maamoun Rajeh, Chairman and CEO of Arch Worldwide Reinsurance Group, commented: “I want to thank Ken Vivian for leading the Arch Re franchise in North America and wish him the best in his well-earned retirement.
“Our bench is deep and our next generation of leaders is stepping up. Peder did an excellent job as CUO and is highly respected by both Arch’s clients and his colleagues. I’m excited to see Arch Re Co. continue to grow under his leadership. Jess and Josh’s promotions to co-CUOs highlight the caliber of people we have at Arch Re and our emphasis on promoting from within. We have an incredible trajectory at Arch Re Co. and I’m looking forward to the next chapter.”
Moeller said: “I’m honored to be able to take over as CEO of Arch Re Co. I learned so much from Ken and I look forward to working with Jess and Josh – and the entire Arch Re Co. team – as we continue to build our capabilities.
“Going forward, we will continue to focus on being the first call for creative problem solving with our clients and brokers, and maintaining a sustainable, profitable business.”