Arch Insurance UK gets new chair amid tightening FCA scrutiny

As the FCA raises the bar on consumer outcomes, Arch has moved quickly to put an experienced governance hand in charge

Arch Insurance UK gets new chair amid tightening FCA scrutiny

Insurance News

By Mark Rosanes

Arch Insurance International has appointed Kendra Felisky (pictured) as chair of the boards of Arch Insurance (UK) Limited (AIUK) and Arch Managing Agency Limited (AMAL). The move follows the retirement of Patrick Storey, who held the position for nine years and oversaw significant growth across both platforms.

Felisky has sat on the boards of AIUK and AMAL as an independent non-executive director since February 2021. She brings more than 20 years of experience spanning actuarial practice, risk management, and board governance.

Her executive career included leading the general insurance actuarial practice at Deloitte and serving as chief risk officer at Travelers. She is a Fellow of the Casualty Actuarial Society and a member of the Worshipful Company of Actuaries.

A governance mandate with regulatory weight

Hugh Sturgess, chief executive of Arch Insurance International, said Felisky’s “extensive knowledge of Arch, considerable leadership experience, and strong technical expertise” made her well-positioned for the role. He added that the appointment “reflects our commitment to strong, forward-looking governance.”

Sturgess credited Storey with strengthening board capabilities during his tenure and said he had played a central role in the company’s Consumer Duty work. This work carries considerable regulatory weight.

The Financial Conduct Authority’s (FCA) 2026 regulatory priorities for insurers place board accountability for consumer outcomes at the centre of its supervisory expectations. The regulator replaced its previous portfolio-letter approach with an outcomes-based framework that applies directly to firms such as AIUK.

Felisky said she was “honoured to take on the role of chair of the boards of AIUK and AMAL during a period of continued strong momentum for the businesses.”

Perkins takes the risk chair as scrutiny of managing agencies grows

This momentum has been visible across Arch’s London operations. In February 2026, the company promoted two underwriting managers within its executive assurance division, covering directors & officers and financial institutions portfolios. This was part of a broader push to grow its open-market presence.

Arch also named Jon Perkins as chair of the Board Risk Committee across both AIUK and AMAL. Perkins serves as an independent non-executive director on both boards. He is a Fellow of the Institute and Faculty of Actuaries and a former group chief actuary at Chaucer Group, where he spent more than two decades.

Perkins steps into the risk chair role at a moment of heightened scrutiny for managing agencies.

The Prudential Regulation Authority’s (PRA) 2026 priorities press boards to show clear oversight of delegated authority arrangements. Regulators are asking whether senior decision-makers can point to reliable data that reflects activity at an operational level.

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