Arch Insurance North America Announces Lauren Dieterich as Chief Operating Officer

Rhea-AI Summary

Arch Insurance North America has appointed Lauren Dieterich as Chief Operating Officer, reporting to Brian First. With over 20 years of experience, Dieterich previously served at Crum & Forster Insurance and brings expertise in operations, technology, and digital solutions. Matt Shulman, CEO of Arch Insurance North America, emphasized the importance of this role in enhancing operational capabilities. Arch Capital Group Ltd. (NASDAQ: ACGL) specializes in insurance, reinsurance, and mortgage insurance globally, with approximately $14.5 billion in capital as of September 30, 2022.

Positive

• Appointment of COO Lauren Dieterich, enhancing operational leadership.
• Dieterich's extensive experience in specialty insurance and technology is expected to drive efficiency.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Arch Insurance North America (Arch) today announced that Lauren Dieterich has joined the Company as Chief Operating Officer. She reports to Brian First, President of Arch Insurance North America, and will be a member of the North American executive leadership team.

Dieterich has more than 20 years of specialty insurance experience, most recently serving as Head of Operations and Digital, Surplus and Specialty at Crum & Forster Insurance. She began her insurance career in information technology, then enjoyed a decade in commercial underwriting and management before transitioning into increasingly broader and more complex operations leadership roles at Crum & Forster and AIG. Dieterich is a graduate of Duke University with a double major in electrical engineering and computer science.

“We are so fortunate and excited to have Lauren joining the Arch team and leading operations across our specialty business units,” First said. “Her unique analytical skillset and proven track record of successfully deploying technology and digital solutions are a great fit as we continue to scale our operations and focus on making it easy for our customers to do business with us.”

Matt Shulman, CEO of Arch Insurance North America, added, “Lauren is a superb leader and will thrive in this newly established COO role. Investing in this new, dedicated role underscores our commitment to building our capabilities as Arch continues to deliver on our brand promise of Pursuing Better Together for our producers and 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 Excess & Surplus 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 $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/20230130005357/en/

Media Contact:

Greg Hare

ghare@archgroup.com

Source: Arch Capital Group Ltd.

FAQ

What recent announcement did Arch Capital Group Ltd. make regarding its leadership?

Arch Capital Group Ltd. announced the appointment of Lauren Dieterich as the new Chief Operating Officer of Arch Insurance North America.

What is the professional background of Lauren Dieterich?

Lauren Dieterich has over 20 years of experience in specialty insurance, previously serving as Head of Operations at Crum & Forster Insurance.

How does Lauren Dieterich's appointment impact Arch Capital Group Ltd.?

Her appointment is expected to enhance the operational efficiency and digital capabilities of Arch Insurance North America.

What are Arch Capital Group Ltd.'s recent financial figures?

As of September 30, 2022, Arch Capital Group Ltd. reported approximately $14.5 billion in capital.

Who is the CEO of Arch Insurance North America?

The CEO of Arch Insurance North America is Matt Shulman.