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Arch Insurance Names Tyler Bair President of Ventus Risk Management

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Arch Insurance North America has appointed Tyler Bair as President of Ventus Risk Management, a wholly-owned managing general underwriter (MGU) focused on E&S property. Bair, who previously worked at Ventus for three years and recently at Amwins Underwriting, is tasked with driving growth, managing operations, and building relationships with brokers and carrier partners.

Matt Shulman, CEO of Arch Insurance North America, expressed confidence in Bair's leadership to propel Ventus into its next growth stage. Bair emphasized his commitment to leveraging Ventus' data-forward platform to provide coastal commercial property solutions. Richard Goldfarb, who led Ventus for the past five years, will transition to the role of Head of Strategy, contributing his technical pricing and portfolio management expertise.

Arch Insurance North America ha nominato Tyler Bair presidente di Ventus Risk Management, un gestore generale di sottoscrittori (MGU) interamente controllato, focalizzato su proprietà E&S. Bair, che ha precedentemente lavorato in Ventus per tre anni e recententemente in Amwins Underwriting, ha il compito di promuovere la crescita, gestire le operazioni e costruire relazioni con i broker e i partner assicurativi.

Matt Shulman, CEO di Arch Insurance North America, ha espresso fiducia nella leadership di Bair per guidare Ventus verso la sua prossima fase di crescita. Bair ha sottolineato il suo impegno a sfruttare la piattaforma data-centric di Ventus per fornire soluzioni per le proprietà commerciali costiere. Richard Goldfarb, che ha guidato Ventus negli ultimi cinque anni, passerà al ruolo di Head of Strategy, contribuendo con la sua esperienza in pricing tecnico e gestione del portafoglio.

Arch Insurance North America ha nombrado a Tyler Bair como presidente de Ventus Risk Management, un asegurador general administrador (MGU) de propiedad E&S de propiedad totalmente controlada. Bair, quien trabajó en Ventus durante tres años y recientemente en Amwins Underwriting, tiene la tarea de impulsar el crecimiento, gestionar las operaciones y construir relaciones con corredores y socios de aseguradoras.

Matt Shulman, CEO de Arch Insurance North America, expresó confianza en el liderazgo de Bair para llevar a Ventus a su próxima etapa de crecimiento. Bair enfatizó su compromiso de aprovechar la plataforma orientada a datos de Ventus para proporcionar soluciones de propiedad comercial costera. Richard Goldfarb, quien lideró Ventus durante los últimos cinco años, pasará al cargo de Jefe de Estrategia, contribuyendo con su experiencia en pricing técnico y gestión de portafolios.

Arch Insurance North America는 Tyler Bair를 Ventus Risk Management의 회장으로 임명했습니다. 이는 E&S 재산에 집중하는 완전 소유의 관리 총괄 보험업체(MGU)입니다. Bair는 Ventus에서 3년 동안 근무한 후 최근 Amwins Underwriting에서 일했으며 성장 주도, 운영 관리, 중개인 및 보험사 파트너와의 관계 구축을 맡고 있습니다.

Arch Insurance North America의 CEO인 Matt Shulman은 Bair의 리더십에 대한 신뢰를 표명하며 Ventus를 다음 성장 단계로 나아가게 할 것이라고 밝혔습니다. Bair는 Ventus의 데이터 중심 플랫폼을 활용하여 해안 상업 재산 솔루션을 제공하기 위한 그의 헌신을 강조했습니다. Richard Goldfarb는 지난 5년 동안 Ventus를 이끌었으며 전략 책임자 역할로 전환될 예정이며, 그의 기술적 가격 책정 및 포트폴리오 관리 전문지식을 기여할 것입니다.

Arch Insurance North America a nommé Tyler Bair président de Ventus Risk Management, un souscripteur général de gestion (MGU) entièrement détenu, axé sur les biens E&S. Bair, qui a précédemment travaillé chez Ventus pendant trois ans et récemment chez Amwins Underwriting, a pour mission de stimuler la croissance, gérer les opérations et établir des relations avec les courtiers et les partenaires assureurs.

Matt Shulman, PDG d'Arch Insurance North America, a exprimé sa confiance dans le leadership de Bair pour propulser Ventus vers sa prochaine étape de croissance. Bair a souligné son engagement à tirer parti de la plateforme axée sur les données de Ventus pour fournir des solutions pour des biens commerciaux côtiers. Richard Goldfarb, qui a dirigé Ventus ces cinq dernières années, passera au rôle de Responsable de la Stratégie, apportant son expertise en tarification technique et en gestion de portefeuille.

Arch Insurance North America hat Tyler Bair zum Präsidenten von Ventus Risk Management ernannt, einem vollständig im Besitz befindlichen Managing General Underwriter (MGU), der sich auf E&S-Immobilien konzentriert. Bair, der zuvor drei Jahre bei Ventus tätig war und kürzlich bei Amwins Underwriting arbeitete, hat die Aufgabe, Wachstum zu fördern, den Betrieb zu leiten und Beziehungen zu Maklern und Versicherungspartnern aufzubauen.

Matt Shulman, CEO von Arch Insurance North America, äußerte Vertrauen in Bairs Führung, um Ventus in die nächste Wachstumsstufe zu führen. Bair betonte sein Engagement, die datengestützte Plattform von Ventus zu nutzen, um Lösungen für gewerbliche Küstenimmobilien bereitzustellen. Richard Goldfarb, der Ventus in den letzten fünf Jahren geleitet hat, wird in die Rolle des Head of Strategy wechseln und sein Know-how in technischer Preisgestaltung und Portfoliomanagement einbringen.

Positive
  • Appointment of experienced leader Tyler Bair as President of Ventus Risk Management
  • Potential for growth and expansion in the E&S property-focused MGU sector
  • Retention of former leader Richard Goldfarb as Head of Strategy, maintaining valuable expertise
Negative
  • None.

Bair is tasked with maximizing growth opportunities at the E&S property-focused MGU

NEW YORK--(BUSINESS WIRE)-- Arch Insurance North America announces that Ventus Risk Management (Ventus, the Company), a wholly-owned managing general underwriter (MGU), has appointed Tyler Bair as President.

Bair is responsible for driving growth, managing day-to-day operations and building relationships with brokers and carrier partners. Bair previously spent three years with Ventus, and most recently worked at Amwins Underwriting helping to drive technology, operations and data strategies across their multiple underwriting companies in the U.S. and U.K.

“We are thrilled to have Tyler rejoin Ventus and are confident he is the right leader to propel the platform into its next stage of growth,” said Matt Shulman, CEO of Arch Insurance North America. “Ventus is an important facet of Arch’s overall property strategy, a trusted MGU for its capacity providers and a respected partner for its producing brokers. Tyler’s strong expertise in this area and meaningful relationships make him the perfect fit for this role.”

“I’m grateful for the trust Arch has placed in me, and I’m excited to hit the ground running,” Bair said. “I look forward to working with the Ventus team, familiar faces and new colleagues alike, to continue to leverage the data-forward, innovative Ventus platform to bring coastal commercial property solutions to our producers and customers.”

Richard Goldfarb, who has led Ventus for the past five years, will remain with the team as its Head of Strategy. Richard brings strong technical pricing and portfolio management skills, as well as deep property knowledge, to this new role.

“I want to express our thanks to Richard for the important role he has played since our acquisition of Ventus in 2019. We are looking forward to his continued contributions to future growth,” Shulman added.

To learn more about Ventus, visit https://ventusrisk.com/

About Ventus Risk Management

Ventus Risk Management, a wholly-owned subsidiary/affiliate of Arch Insurance, is a managing general underwriter with offices in Atlanta, GA, Columbia, SC, Houston, TX, New York, NY and Richmond, VA. Ventus focuses on providing coastal commercial property insurance solutions to small and mid-sized enterprises in coastal areas from Texas to Maine on behalf of multiple third-party carrier partners.

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 $23.4 billion in capital at June 30, 2024. 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 pandemics such as COVID-19; 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 the our gross and net exposures; the failure of others to meet their obligations to the Company; a disruption caused by cyber-attacks or other technology breaches or failures on the Company or 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

Media:

Stephanie Perez

stperez@archgroup.com

Source: Arch Capital Group Ltd.

FAQ

Who is the new President of Ventus Risk Management (ACGL)?

Tyler Bair has been appointed as the new President of Ventus Risk Management, a wholly-owned managing general underwriter (MGU) of Arch Insurance North America.

What are Tyler Bair's main responsibilities at Ventus Risk Management (ACGL)?

Tyler Bair is responsible for driving growth, managing day-to-day operations, and building relationships with brokers and carrier partners at Ventus Risk Management.

What is Ventus Risk Management's focus within Arch Insurance (ACGL)?

Ventus Risk Management is an E&S property-focused MGU and an important facet of Arch Insurance's overall property strategy.

What role will Richard Goldfarb take on at Ventus Risk Management (ACGL)?

Richard Goldfarb, who previously led Ventus for five years, will transition to the role of Head of Strategy, focusing on technical pricing and portfolio management.

Arch Capital Group Ltd

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