February 18, 2021 | Insurance Insights

Arch Appoints Head of Arch Managing Agency Limited

Arch Communications

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International, London Market, Press Release

Arch Appoints Head of Arch Managing Agency Limited

Louis Tucker appointed Managing Director

London, 18 February 2021 – Arch Insurance International (Arch or the Company) has today announced the appointment of Louis Tucker as Managing Director of Arch Managing Agency Limited, with immediate effect.

In this role, Tucker will be responsible for overseeing the activities of Syndicate 2012, Syndicate 1955, Arcus syndicate 1856 and Toa Re Special Purpose Arrangement 6132 which are managed by Arch Managing Agency Limited.

Tucker brings over 20 years of insurance market experience to the position. Most recently, he was Head of Third-Party Capital at Arch Insurance International. He joined the Company following the acquisition of Barbican Insurance Group in 2019 where he was Group Director.

Commenting on the appointment, Hugh Sturgess, President & CEO of Arch Insurance International, said: “Louis’ extensive experience of operating within the Lloyd’s market makes him an ideal candidate for this role. He also has earned a strong track record in building and maintaining successful relationships with capital partners. Under his leadership, we will continue to provide robust management oversight across our stable of syndicates and ensure that the highest standards are maintained.”

TAG WORDS

Arch Insurance International, Arch Managing Agency Limited, Syndicate 2012, Syndicate 1955, Arcus 1856, Toa Re Special Purpose Arrangement 6132, Tucker, Sturgess

EDITOR’S NOTES

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.

About Arch Capital Group Ltd.

Arch Capital Group Ltd., a Bermuda-based company with approximately $15.8 billion in capital at Dec. 31, 2020, 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 the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s 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, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; the Company’s ability to successfully integrate, establish and maintain operating procedures as well as consummate acquisitions and integrate the businesses the Company has 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 the Company of reinsurance to manage the Company’s gross and net exposures; the failure of others to meet their obligations to the Company; changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR and other factors identified in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”).

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. The Company undertakes no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.

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Source: Arch Insurance (UK) Limited

Media Contacts

Patrick Palmer 

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