Croome promoted to Active Underwriter; Biggas named Deputy Active Underwriter
London, 28 April 2020 – Arch Insurance International, part of Arch Capital Group Ltd., has today announced two senior promotions at Arch Syndicate 2012. James Croome has been promoted to Active Underwriter, while Marie Biggas has been named Deputy Active Underwriter. Both positions are in addition to their existing underwriting management roles at Arch Insurance International.
In his new role, Croome is responsible for leading all activities relating to Syndicate 2012, including performance management, strategic planning and liaising with Lloyd’s. As Deputy Active Underwriter, Biggas will work with Croome to deliver on Syndicate 2012’s strategic goals, further strengthen the Syndicate’s market standing and explore new opportunities for profitable growth.
With over 15 years of insurance market experience, Croome is an astute underwriter and brings considerable market knowledge to the role. Prior to this promotion, he was Vice President, Fine Art & Specie and will maintain these responsibilities in his new position. Croome joined Arch in 2014 and before that was at QBE from 2005.
Biggas brings a similar level of experience to her role, having entered the insurance industry in 2008. Prior to this promotion, she was Vice President, Terrorism and Political Violence and will continue to operate in this capacity. Biggas joined Arch in 2014, having previously held underwriting positions at ACE Group, Chaucer Syndicates and Amlin.
Commenting on the promotions, Lino Leoni, Chief Underwriting Officer of Specialty, Energy, Marine and Financial Lines at Arch Insurance International, said: “We have put in place a very clear growth strategy for Syndicate 2012 to build on the considerable underwriting success achieved to date. Both James and Marie are exceptional underwriters who will drive forward this strategy in their new leadership roles. It is always gratifying to be able to promote those within our team and to be able to do so for these two critical roles is testament to the incredible talent that we have at every level within our organization.”
Hugh Sturgess, CEO, Arch Insurance International, added: “James and Marie are part of a talented underwriting team in our London operations, and I am delighted that they will now be leading one of the two Arch Syndicates. Arch has established ambitious goals for its Lloyd’s businesses, and I am confident that they will succeed despite the current challenging market conditions. James and Marie will also continue to lead their respective underwriting units with further support from their expanding teams.”
Syndicate 2012 underwrites a diverse portfolio of business, including casualty, credit & political risk, energy, fine art & specie, healthcare, marine liability, property and terrorism, political violence and war.
TAGS / KEYWORDS
Arch Insurance International, Syndicate 2012, Lloyd’s, Croome, Biggas, Leoni, Sturgess, insurance, appointment
About Arch Insurance International
Arch Insurance International is part of Arch Capital Group Ltd. and includes Arch Insurance UK and the P&C insurance operations of Arch Insurance (EU) dac, as well as Arch’s insurance operations in Europe, Bermuda and Australia.
Arch Insurance International, part of Arch Capital Group Ltd., includes Arch’s insurance operations in Europe, Bermuda and Australia. Arch Insurance International provides specialised property and liability insurance programmes to a wide range of industrial and commercial companies and financial institutions.
About Arch Syndicate 2012
Arch Syndicate 2012 underwrites a diverse portfolio of business, including casualty, credit & political risk, energy, fine art & specie, healthcare, marine liability, property and terrorism, political violence and war. Its stamp capacity is £225million for the 2020 year of account.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a Bermuda-based company with approximately $13.23 billion in capital at Dec. 31, 2019, 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.
Head of Marketing and Communications, Arch Insurance International
M +44 7900 743664
Nigel Allen or Suzanne Hirst
PR agency – Allen & Clapham
M +44 7988 478824 / M +44 7988 140357