Arch Insurance Co. News

Arch Insurance to Buy Coastal Commercial Property MGU Ventus Risk Management

Arch Insurance North America has agreed to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventis, founded in 2016, has 30 employees and …

Arch Insurance Names Shulman CEO for North America; Other Leadership Changes

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 …

AIG’s Turpin Joins Arch Insurance as Head of U.S. Property

Valerie Turpin has joined Arch Insurance as executive vice president and Head of U.S. Property. She succeeds Michael Kmetz, who has taken a different role within the firm. In this position, Turpin will have oversight of both the Excess and …

Arch Expands Travel Insurance Sales Team with 3 from Travelex

Arch Insurance announced additions to its travel insurance sales team. Cory Sobczyk and Dan Povondra have joined Arch Insurance as vice presidents of Business Development. Additionally, Lynn Barty has joined as regional sales director. The newcomers, who bring a combined …

Aon Affinity, Arch Insurance Launch Social Service Insurance Program

Affinity Nonprofits, a division of Aon Affinity, in partnership with Arch Insurance Group, has launched a nationwide property and casualty insurance product for the nonprofit social service sector, including organizations involved in counseling, mentoring, community action & service, special needs, …

TVA’s Insurer Ordered to Pay $42 Million Toward Ash Spill Cleanup

About $42 million has been recovered in the last week by the Tennessee Valley Authority to help pay for more than $1 billion in expenses stemming from the cleanup at the 2008 ash spill at the Kingston Fossil Plant. The …

Louisiana Pie Maker Sues Fire Suppression Company, Insurers

New Orleans pie maker, Simon Hubig Co. Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company that created and maintained its fire suppression system. The Times-Picayune reported the lawsuit, filed in New …