Arch Insurance Europe announced that Matthew Shulman will be appointed president and chief executive officer, effective July 1, 2016.
Shulman joined Arch Insurance U.S. in 2009 and currently serves as executive vice president, responsible for its Executive Assurance and Professional Liability underwriting units. Shulman will succeed James Weatherstone, who helped build Arch Insurance Europe over the past 12 years and will remain with the company through Dec. 31, 2016 to facilitate the leadership transition. These changes are subject to applicable regulatory approvals.
Shulman, 42, has over 20 years of experience in the insurance industry. Prior to joining Arch, he served in various senior underwriting and executive positions, with a focus on global financial and professional liability lines, which are key product offerings of Arch Insurance Europe.
When Shulman assumes his new position, the executive assurance and professional liability underwriting units of Arch Insurance U.S. will continue to be subject to the oversight of John Rafferty, executive vice president, Executive Assurance, Healthcare and Professional Liability.
“Matt has done an outstanding job for us since joining the company seven years ago, and his promotion is well deserved,” said David McElroy, chairman and chief executive officer of Arch Worldwide Insurance Group. He went on to thank Weatherstone for his contribution and wished him the best in his future endeavors.
About Arch Insurance Europe
Arch Insurance Europe is a subsidiary of Arch Capital Group Ltd., a Bermuda-based company with approximately $7.3 billion in capital at March 31, 2016, which provides insurance and reinsurance through its wholly owned subsidiaries.
Source: Arch Insurance Europe
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