Arch Insurance Group, a division of Bermuda’s Arch Capital Group Ltd., has announced its entrance into the Canadian insurance marketplace. The plans were revealed at the recent RIMS Conference in Philadelphia.
Arch has named Sheldon Rankin, former Chairman and CEO of Marsh Canada, to head its operation, as Chief Agent and CEO of Arch (Canada). “We are very pleased to bring much needed high quality capital into the Canadian marketplace. We plan to develop risk solutions to meet the unique and changing needs of our Canadian customers and producers,” Rankin commented.
Arch (Canada) is headquartered in downtown Toronto with offices located at 95 Wellington Street West in the Toronto-Dominion Centre. The company’s announcement said it would begin with a staff of 12, and that its initial product offerings would focus on the following coverage areas:
— Executive Assurance with a focus on Directors & Officers Liability
— Global Property & Technical Risks
— Railroad Liability
Its “Main product contacts” include:
— Casualty: Jennifer Devereaux, Regional Vice President
— Executive Assurance: Peter Talacek, Regional Vice President
— Global Property & Technical Risks: Henry Ulozas, Regional Vice President
“Arch (Canada) intends to offer additional products to meet niche market areas as it begins to grow and expand its operation across Canada,” said the announcement.
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