Hugh Sturgess has been named CEO of Arch Insurance International.
He succeeds Matt Shulman, who was recently named chief executive of Arch Insurance North America.
Based in London, Sturgess will be responsible for Arch’s international insurance operations, including those in Europe, Bermuda and Australia, with his new role taking effect from 1 January 2019. He will report to Nicolas Papadopoulo, chairman and CEO of Arch Worldwide Insurance Group.
Sturgess currently serves as president and CEO of Arch Insurance Canada, having been with the company since 2005. Prior to joining the carrier, he held various positions in the financial services industry, including tenures with the Royal Bank of Canada and Chubb Insurance Company of Canada.
Papadopoulo commented: “Hugh is an experienced industry executive who knows and values the Arch brand,
“His elevation to lead our international operations is well deserved, and I’m confident in his ability to successfully build on the transformation started by Matt Shulman.”
Sturgess remarked: “Arch Insurance International underwrites a diverse portfolio of specialty insurance solutions across a number of geographies, with a key focus on providing value to our distribution partners and customers,
“I look forward to the opportunity to work with our team in continuing to expand the value proposition of our International platform.”
Alongside Sturgess’ appointment, Arch also announced two appointments at Arch Insurance Canada.
Gale Lockbaum will become president and COO of the Canadian operation, with responsibility for finance, actuarial, claims, risk and compliance, as well as overseeing regulatory matters. She has been with Arch Insurance Canada since 2011 and currently serves as chief financial officer.
Meanwhile, Jean-Pierre Galipeault will become Arch Insurance Canada’s chief regional executive, with responsibility for strategy, distribution and underwriting. He has been with Arch Insurance Canada since 2013, managing its Lenders business unit.
Both appointments are effective 1 January 2019.
“During the last five years under Hugh’s leadership, Arch Insurance Canada has experienced a successful turnaround and is now positioned to grow profitably,” said Shulman.
“I am pleased that we are promoting from within and look forward to the operation’s continued success under Gale and Jean-Pierre,” he concluded.