Arch Insurance Canada Announces Promotion of Jean-Pierre Galipeault to President and Chief Regional Executive

Rhea-AI Summary

Arch Insurance Canada has promoted Jean-Pierre “JP” Galipeault to President and Chief Regional Executive, effective January 1. Galipeault has been with Arch since 2013 and previously served as Chief Regional Executive. Alongside him, John Moller has been named Chief Underwriting Officer, and Emily Crewe will serve as both COO and CFO. The leadership changes are expected to enhance Arch's performance and strengthen its market presence in Canada as they focus on building collaborative relationships with brokers.

Positive

• Galipeault's promotion reflects strong leadership since 2019, enhancing Arch Insurance Canada's strategic capabilities.
• John Moller and Emily Crewe's promotions position experienced executives in key roles, bolstering operational efficiency.

Negative

• Leadership changes may bring uncertainties regarding continuity and the alignment of strategic goals.

TORONTO--(BUSINESS WIRE)-- Arch Insurance Canada (Arch) today announced that Jean-Pierre “JP” Galipeault was promoted to President and Chief Regional Executive of Arch Insurance Canada on Jan 1.

Galipeault joined Arch in 2013 in the Warranty and Lender Solutions group and held the role of Vice President, Specialty Consumer Programs, before assuming the role of Chief Regional Executive in 2019. Before joining Arch, Galipeault was an Account Executive with broker Insurance Insight. In his new role, Galipeault will report to Mark Lange, Chief Strategy Officer for Arch Insurance North America.

Arch Insurance Canada also elevated the following executives to expanded leadership roles, reporting to Galipeault:

• John Moller has been promoted to Chief Underwriting Officer with executive responsibility for all business units. Moller has led Arch Insurance Canada’s Executive Assurance and Professional Liability underwriting units since 2018 and the P&C Programs underwriting unit since 2021. He has worked at Arch since 2011.
• Emily Crewe has been promoted to Chief Operating Officer (COO) in addition to her existing role as Chief Financial Officer (CFO), which she has held since 2019. Crewe has been with Arch Insurance Canada since 2013.

“Since becoming Chief Regional Executive in 2019, JP has demonstrated tremendous leadership for our Canada franchise,” Lange said. “His strong product knowledge, diligent underwriting management and excellent distribution relationships have meaningfully helped Arch Insurance Canada’s recent success. As President, JP will be able to make even broader contributions to Arch. I’m optimistic about what lies ahead for Arch Canada.”

Galipeault added, “I’m excited for the opportunity to lead our Canadian team. Going forward, we will remain committed to working collaboratively with our brokers and other partners as we build trusting, respectful and responsive relationships that will fuel Arch’s success.”

About Arch Insurance Canada

Arch Insurance Canada Ltd., a wholly owned subsidiary of Arch Capital Group Ltd., serves global clients headquartered in Canada, and has the ability to write U.S. (licensed or admitted covers) and international risks. Arch Insurance Canada is licensed to transact all commercial lines of insurance in every province and territory in Canada.

About Arch Capital Group Ltd.

Arch Capital Group Ltd., (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $14.5 billion in capital at Sept. 30, 2022. 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 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 our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our 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; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have 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 us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission.

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. We undertake 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230104005560/en/

Media:

Greg Hare

ghare@archgroup.com

Source: Arch Capital Group Ltd.

FAQ

Who is the new President of Arch Insurance Canada?

Jean-Pierre 'JP' Galipeault has been promoted to President and Chief Regional Executive of Arch Insurance Canada.

When did Jean-Pierre Galipeault start his new role at Arch Insurance Canada?

Galipeault officially started his role as President on January 1.

What are the recent leadership changes at Arch Insurance Canada?

Alongside Galipeault, John Moller has been promoted to Chief Underwriting Officer, and Emily Crewe is now both COO and CFO.

How might the leadership changes impact Arch Insurance Canada's performance?

The changes are expected to enhance performance and strengthen market presence, though they could introduce continuity challenges.