Arch Insurance Australia Appoints Senior Property Underwriter
Sebastian Allison joins Arch Insurance Australia’s property team
Sydney, 1 March 2021 – Arch Insurance Australia (Arch or the Company) has today announced the appointment of Sebastian Allison as Senior Underwriter, Property, with immediate effect.
In this role, Allison will be responsible for driving further diversification and growth across the Company’s property and business interruption insurance portfolio, which specialises in the hospitality, low hazard SME, poultry and retail sectors. He will report to Mark Bailey, Underwriting Manager, Property at Arch Insurance Australia.
Allison is a highly technical underwriter with over eight years of experience in the property insurance sector. He re-joins Arch Insurance Australia, having previously worked within the property insurance team. Most recently he held the position of Underwriter at Liberty Specialty Markets, and previous roles in the sector include Property Underwriter at SLE Worldwide Australia.
Commenting on the announcement, Dominic Brannigan, Regional Manager, Australia, said: “We are very excited that Seb is joining our growing property insurance team, particularly given his extensive market knowledge and breadth of broker connections. We see strong market potential to expand our position, not only in the property sector but across other business lines. He will play a key role in supporting that growth strategy.”
Arch Insurance Australia, property, Allison, Bailey, Brannigan
About Arch Insurance Australia
Arch Insurance Australia is part of Arch Insurance International. The company provides specialised insurance solutions across a wide range of industries and professions, operating across Accident & Health, Casualty, Financial Lines and Property product lines.
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.
Source: Arch Insurance International
Head of Marketing and Communications, Arch Insurance International
M +44 7900 743664
Nigel Allen or Suzanne Hirst
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