Arch Insurance announced that Matt Shulman will assume the newly created role of CEO, Arch Insurance North America, effective January 1, 2019. In this role, he will lead Arch Insurance’s operations in the United States and Canada.
He will report to Nicolas Papadopoulo, chairman and CEO of Arch Worldwide Insurance Group.
Shulman, who has more than 20 years of experience in the insurance industry, has been with Arch Insurance since 2009 and has served as the president and CEO of Arch Insurance Europe since 2016.
Arch Insurance has also created a new organizational structure with three chief underwriting officers (CUO) dedicated to specific lines of business. These CUOs will provide strategic, dedicated oversight of their business units, allowing Arch to provide more flexible, comprehensive solutions. These executives will report to Shulman. The three newly named CUOs are:
- Brian First as Chief Underwriting Officer – Programs, Property and Specialty.
- John Rafferty as Chief Underwriting Officer – Financial and Professional Lines.
- Rich Stock as Chief Underwriting Officer – Large Account Casualty and Surety.
“We have a strong underwriting culture at Arch Insurance and firmly believe this new structure will better position us to use our expertise to become a go-to solution provider for our distribution partners. This will ultimately deliver greater value and differentiation to our clients,” Shulman said.
In addition, John Mentz, who serves as president of Arch Insurance North America, has been promoted to the additional role of Arch Insurance Worldwide Chief Operating Officer. Mentz oversees various corporate functions including finance, actuarial, operations and ceded reinsurance. He will bring his skills and expertise to a global level to build out best practices across multiple Arch Insurance geographies. Mentz joined Arch Insurance in 2002.
Arch Insurance Group Inc. is a member of Bermuda-based Arch Capital Group Ltd.
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