Arch Insurance North America Announces Promotion of Brian First to President

By: Arch Capital Group Ltd. via Business Wire

December 01, 2022 at 09:30 AM EST

Arch Insurance North America (Arch) today announced that Brian First has been promoted to President of Arch Insurance North America, effective Dec. 1. First was promoted from Chief Underwriting Officer (CUO) of Programs, Property and Specialty, and he will continue to report to Matt Shulman, CEO of Arch Insurance North America.

First, who joined Arch in 2014 and has 30 years of industry experience, will now have executive oversight over Arch Insurance’s business units and certain operations teams.

“Brian First has been instrumental to our success over the past several years, and we’re all very excited to have him take on these expanded responsibilities,” Shulman said. “In addition to being an incredibly insightful underwriter, Brian is a well-rounded and respected leader who will help steer our organization as we pursue our ambitious goals.”

In this newly created role, First’s direct reports include:

Catherine Kelly, EVP, Corporate Underwriting Services
John Rafferty, CUO, Financial, Professional & Programs
Rich Stock, CUO, Casualty & Surety
Valerie Turpin, CUO, Property

“I’m honored to step into the role of President of Arch Insurance North America,” First said. “I look forward to working with the rest of the leadership team — as well as our talented underwriting and operations teams — as we look to build our capabilities and continue to deliver on our brand promise of ‘Pursuing Better Together’ for our producers and partners.”

About Arch Insurance North America

Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Excess & Surplus Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd.

About Arch Capital Group Ltd.

Arch Capital Group Ltd., (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $14.5 billion in capital at Sept. 30, 2022. Arch, which is part of the S&P 500 Index, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements.

Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Source — Arch Insurance North America

Tag — arch-insurance