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Arch Insurance coverage has promoted Sebastian Terry to move of accident & well being (A&H) and Georgina Raeburn to senior A&H underwriter.
Terry will likely be liable for managing the underwriting actions throughout the Arch A&H portfolio. He’ll report back to Chris Rackliffe, head of contingency, and has been on the agency since 2004.
Raeburn joined Arch in 2019 following its acquisition of Barbican and was most lately an underwriter for the corporate.
Lino Leoni, chief underwriting officer, Brief Tail Traces mentioned: “The promotions of Seb and Georgina present the extremely robust expertise inside our A&H workforce. Seb is an impressive underwriter and extremely revered out there, each by our friends and brokers, making him the right alternative to steer the workforce. I’m assured that underneath his management we’ll proceed to develop our relevance and ship top quality service for our brokers. I’m additionally delighted for Georgina’s well-deserved promotion which displays each her technical experience and energy of dealer relationships.
“Lastly, I want to thank Dennis for his appreciable contribution to Arch and to the workforce’s success. We want him the easiest for his retirement.”
Arch Insurance coverage North America (Arch Insurance coverage), a division of Arch Capital Group (Arch Capital), signed a grasp transaction settlement to accumulate the US belongings of AGCS final month.
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The deal includes the sale of AGCS’ US MidCorp and leisure insurance coverage companies, together with choose specialty insurance coverage programmes, for $450m in money.
Arch will tackle round $2bn in loss reserves linked to the acquired operations.
The overall transaction worth is $1.4bn, which incorporates the money consideration and $1bn in capital help for the acquired belongings.
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