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Major insurer gets US head

Major insurer gets US head

Major insurer gets US head
Arch Insurance Company Europe has named Matthew Shulman as its new president and chief executive officer. Shulman will step into the role effective 1 July, according to an Arch release. Shulman succeeds James Weatherstone, who has guided Arch Insurance Europe for 12 years.

Shulman has more than 20 years of insurance industry experience. Over the years, he’s served in various senior underwriting and executive positions, focusing on global financial and professional liability lines – both key product offerings of Arch Insurance Europe. Shulman joined Arch Insurance US in 2009, and currently serves as the executive vice president in charge of the executive assurance and professional liability underwriting units.

“Matt has done an outstanding job for us since joining the Company seven years ago, and his promotion is well deserved,” said David McElroy, chairman and CEO of Arch Worldwide Insurance Group. “Promoting from within the company is another indication of the importance we place on our unique culture and the strength and depth of our management team. We are also grateful to James for his contributions over the years. With his guidance, Arch Insurance Europe has become a significant participant in the marketplace, and we wish him the best in his future endeavors.”

Arch Insurance Europe is a subsidiary of Arch Capital Group, a company with approximately $7.3 billion in capital. Arch Capital Group provides insurance and reinsurance across the globe through its subsidiaries.