Latest news with #ArchInsuranceNorthAmerica
Business Wire
7 days ago
- Business
- Business Wire
Arch Insurance Deploys Guidewire for Claims Operations
JERSEY CITY, N.J. & SAN MATEO, Calif.--(BUSINESS WIRE)-- Arch Insurance North America and Guidewire (NYSE: GWRE) announced that Arch Insurance North America deployed an initial release of Guidewire ClaimCenter as its new system for claims management. Guidewire PartnerConnect Consulting Global Premier member Deloitte Consulting LLP led the implementation project for Arch Insurance. Arch Insurance North America Chief Claims Officer Patrick Nails said, 'We are pleased with the successful implementation of ClaimCenter on Guidewire Cloud Platform that will further enhance our claims professionals' ability to meet customer needs.' 'We thank Arch Insurance North America for trusting us to be their implementation partner of the ClaimCenter application,' stated Deloitte Consulting LLP* Managing Directors Michael Cline and Kedar Kamalapurkar. 'By leveraging Deloitte's industry insight, tools, assets, and accelerators, we have helped Arch Insurance achieve a core component of its claims modernization vision.' Guidewire Head of Professional Services Michael Mahoney commented, 'We congratulate Arch Insurance North America on its successful ClaimCenter implementation on Guidewire Cloud Platform and are pleased that Guidewire is serving as the technology foundation for the company's claims transformation in the cloud.' *Please see for a detailed description of their legal structure. About Arch Insurance North America Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch's insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property & Casualty Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd. For more information, please visit About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurance brands in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn.
Business Wire
10-07-2025
- Business
- Business Wire
Arch Insurance North America Names Five Division Presidents
NEW YORK--(BUSINESS WIRE)--Arch Insurance North America (Arch) today announced that five of its well-established executives have been named to the newly-created roles of Division Presidents, effective Aug. 1, 2025. Linda Fallon has been named Division President, Consumer Business, which includes the Travel, Accident & Health unit and the Warranty and Lenders Solutions unit. Mark Lange has been named Division President, Middle Market and Entertainment. Justin Psaki has been named Division President, Financial, Professional and Programs, which includes management liability, professional liability and cyber as well as the P&C Programs unit. Rich Stock has been named Division President, Casualty and Surety. Valerie Turpin has been named Division President, Property and Marine. All five Division Presidents will report to Brian First, President of Arch Insurance North America. 'The alignment of our business units into these five divisions reflects the tremendous growth that Arch Insurance North America has experienced in the past five years,' First said. 'Each of these Arch leaders has played a meaningful role in that expansion, and I look forward to their continued contributions toward further growth, profitability and the development of their teams.' For more information about Arch Insurance North America, and its product offerings, visit: About Arch Insurance North America Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch's insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property & Casualty Insurance Company, Arch Wilsure Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd. About Arch Capital Group Ltd. Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $24.3 billion in capital at March 31, 2025. Arch, which is part of the S&P 500 Index, 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 the Company's 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 the Company's 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 the effect of contagious diseases on our business; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; ability to successfully integrate, establish and maintain operating procedures as well as 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 our gross and net exposures; the failure of others to meet their obligations to the Company; an incident, disruption in operations or other cyber event caused by cyber attacks, the use of artificial intelligence technologies or other technology on the Company's systems or those of the Company's business partners and service providers, which could negatively impact the Company's business and/or expose the Company to litigation; and other factors identified in our 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 the Company's behalf are expressly qualified in their entirety by these cautionary statements. The Company's forward-looking statements speak only as of the date of this press release or as of the date they are made, and 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 North America Tag — arch-insurance
Business Wire
02-07-2025
- Business
- Business Wire
Arch Insurance North America Taps Jeff Kaufmann to Establish U.S. Marine Business
NEW YORK--(BUSINESS WIRE)--Arch Insurance North America (Arch) today announced the appointment of Jeff Kaufmann as EVP, Head of Marine effective Monday, July 7. In this newly created role, Kaufmann will be responsible for establishing Arch's U.S. Marine product offerings, building a strong, specialized underwriting team and growing the related book of business. This new unit will include both Ocean Marine and Inland Marine products. Based in New York, he reports to Valerie Turpin, Chief Underwriting Officer, Property. Kaufmann is a well-recognized and highly respected leader in the Marine space. He has a reputation for delivering innovative and effective solutions for the most complicated exposures, including form development both filed and non-filed. He joins Arch from MSIG USA where he was EVP and Head of Marine. 'We are very excited to welcome Jeff to Arch,' said Matt Shulman, CEO Arch Insurance North America. 'Customers have been asking for more comprehensive Marine solutions and Jeff's reputation and strong relationships with specialty producers throughout the U.S. make him an ideal person to build out our offerings. We see significant opportunity in this area and Jeff's appointment is an important step in establishing Arch as a meaningful provider in this space.' 'Establishing a U.S. Marine practice at a company with Arch's growth trajectory and reputation for bringing innovative solutions to its customers is an attractive opportunity,' said Kaufmann. 'I'm looking forward to working with Valerie and the rest of the Arch team to create a compelling Marine offering for Arch's clients in North America.' For more information about Arch Insurance North America, and its product offerings, visit: About Arch Insurance North America Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch's insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property & Casualty Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd. About Arch Capital Group Ltd. Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $24.3 billion in capital at March 31, 2025. Arch, which is part of the S&P 500 Index, 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 the Company's 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 the Company's 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 the effect of contagious diseases on our business; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; ability to successfully integrate, establish and maintain operating procedures as well as 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 our gross and net exposures; the failure of others to meet their obligations to the Company; an incident, disruption in operations or other cyber event caused by cyber attacks, the use of artificial intelligence technologies or other technology on the Company's systems or those of the Company's business partners and service providers, which could negatively impact the Company's business and/or expose the Company to litigation; and other factors identified in our 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 the Company's behalf are expressly qualified in their entirety by these cautionary statements. The Company's forward-looking statements speak only as of the date of this press release or as of the date they are made, and 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.
