Arch Insurance : Everything you need to know

Arch Insurance: Everything you need to know

  • Headquarters : Pembroke, Bermuda
  • GWP: $9.6 billion (according to 2020 annual report)
  • Employees: 4,500+
  • Global locations: 39 insurance operations in US, Canada, UK, Australia, Bermuda, and EU
  • Underwriting expertise: Specialty lines of insurance, including casualty and professional lines, property, energy, marine, aviation, construction, and programs
  • Key people: President and Chief Underwriting Officer Nicolas Papadopoulo
  • Award winners:
    • Insurance Business Hot 100:
      • Chief Claims Officer and General Counsel, North America Patrick Nails
      • Executive Vice President – Lender Products Emilee Kuhn
      • Senior Executive Vice President and Chief Claims Officer David Siesko
    • Insurance Business Global 100
      • CEO Arch Insurance Group (USA) Matt Shulman
    • Elite Women 2019
      • Executive Vice President, Chief Compliance Officer, and Chief Risk Officer Marita Oliver 
    • Insurance Business Young Guns 2019
      • Senior Vice President of Healthcare and Professional Liability Marek Krowka

About Arch Insurance
Arch Insurance is a global insurer that is part of Arch Capital Group (ACGL or Arch Capital), a Bermuda-based public limited liability company that also writes reinsurance and mortgage insurance on a worldwide basis. The insurance division has operations in North America, Europe and Australia, and provides specialty risk solutions to clients around the world across a range of industries.

Arch Capital has made several key acquisitions to grow the business. Most recently, it announced the completion of its acquisition of Barbican Group Holdings Limited, which included Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Castel Underwriting Agencies Limited, and other related entities. This acquisition expanded Arch Capital’s relationships with both Lloyd’s and the London market, while providing its broker partners with more products and expertise.

History of Arch Insurance
Arch Capital’s operations kicked off in 2001 with the launch of its reinsurance division, followed soon after by its expansion into insurance and mortgage insurance. Its predecessor company, Risk Capital Holdings, was formed in 1995 and operated until 1999, and focused on reinsurance underwriting and strategic investments in the insurance sector as a publicly traded company.

In 2002, Arch Capital brought in US$1.26 billion in net premiums written for the year ended December 31, 2002 and added Arch Specialty Insurance Company (US) to its platform. By 2005, the group had opened an Arch Insurance Company in Toronto, Canada and London, England. Fast forward to 2019, Arch Insurance acquired the UK commercial lines business of the Ardonagh Group and formed the Arch UK Regional Division, as well as launching its primary mortgage insurance operations in Australia. The company likewise began underwriting P&C, motor and other business lines in addition to mortgage insurance through its EU arm in Ireland that same year.

Leadership at Arch Insurance
Nicolas Papadopoulo is chairman and CEO of Arch Worldwide Insurance Group, and the chief underwriting officer for property and casualty operations at ACGL. Between July 2014 and September 2017, Papadopoulo was chairman and chief executive officer for Arch Reinsurance Group, though he originally joined Arch Capital in December 2001 when he came onboard the reinsurance division and held a variety of underwriting roles.

Before joining Arch Capital, Papadopoulo had several positions at Sorema N.A. Reinsurance Group, a US subsidiary of Groupama, and was also an insurance examiner with the Ministry of Finance, Insurance Department, in France. He graduated from École Polytechnique in France and École Nationale de la Statistique et de l’Administration Economique with a master’s degree in statistics. Outside of the office, he is a member of the International Actuarial Association and a fellow at the French Actuarial Society.

Culture at Arch Insurance
At the employee level, ACGL has several key initiatives to encourage giving back to communities. These include the Arch Matching Gift Program and Corporate Giving program that helps employees build on their community impact by providing them with a 1:1 match to their donations to charitable organizations; Arch’s corporate giving program, where Arch has developed relationships with local, national and international non-profits and other community programs; paid time-off to employees to volunteer for non-profit organizations; and its support of a variety of educational opportunities, such as the Arch MI Data Dive Competition that connects local non-profits with data science students and various internship programs.

Arch also has long-standing community partnerships with the Opens Doors Foundation, which helps people who are caring for critically ill or injured children by covering their mortgage or rent payments, and hospitals in Bermuda as well as the Philippines Initiative, which supports female victims of abuse, and orphaned and abandoned children.

Arch Insurance : In the news