Arch Reinsurance Company Names Jon Schriber President

Rhea-AI Summary

Arch Reinsurance Company (Arch Re Co.) announces Jonathan Schriber as President effective Aug. 1, 2023, with Peder Moeller returning to Europe in a senior role. Schriber brings nearly 30 years of reinsurance industry experience and will oversee the U.S.-based reinsurance operation's underwriting portfolio and overall strategy. Maamoun Rajeh, Chairman and CEO of Arch Worldwide Reinsurance Group, expresses excitement for Schriber's leadership. Peder Moeller's return to Europe is seen as a strategic effort to advance Arch Re Europe's operations.

Peder Moeller to return to Europe in Senior role with Arch Reinsurance Europe

MORRISTOWN, N.J.--(BUSINESS WIRE)-- Arch Reinsurance Company (Arch Re Co.) today announced Jonathan Schriber will join the company as President effective Aug. 1, 2023. Schriber will be based in the company’s Morristown, New Jersey, office and will have responsibility for Arch’s U.S.-based reinsurance operation’s underwriting portfolio and oversight of the entity’s overall strategy.

Schriber joins Arch from Partner Re where he most recently served as Chief Underwriting Officer, P&C Americas. He has nearly 30 years of experience in the reinsurance industry, including senior roles at W.R. Berkley Corporation, ACE USA and General Reinsurance Corporation.

Peder Moeller, who had served as Arch Re Co.’s CEO, will be returning to Europe by year-end in a senior role to help advance Arch Re Europe’s strategic efforts.

“I am thrilled to welcome Jon to Arch Re. He has a wealth of industry experience and a demonstrated ability to deliver results,” said Maamoun Rajeh, Chairman and CEO of Arch Worldwide Reinsurance Group. “He is well-regarded as a leader, has excellent underwriting acumen and a keen sense for cycle management. I’m looking forward to Arch Re Co.’s continued success under his direction.”

Rajeh added, “I want to thank Peder Moeller for leading Arch Re Co. for the last several years and the work he did shaping our overall U.S. operations. I am happy he will finally be reuniting with his family in Denmark and am excited for our European team to benefit from his leadership and drive.”

“I’m honored to take the role of President of Arch Re Co.,” Schriber said. “I’ve always held Arch in high regard and have been very impressed with the trajectory of the company. I look forward to working with my new colleagues as we focus on continuing to be the first call for our clients and building on the success of the business for many years to come.”

About Arch Reinsurance Company

Arch Reinsurance Company, part of Arch Capital Group Ltd., is a leader in the specialty property and casualty reinsurance marketplace. As underwriters of specialty casualty reinsurance, including some of today’s most distressed lines of business, Arch Reinsurance Company brings substantial, highly rated reinsurance capacity to key market niches.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $16.7 billion in capital at March 31, 2023. 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 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 Reinsurance Company
Tag: arch-reinsurance

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Arch Capital Services LLC

Greg Hare 678 462 8647 ghare@archgroup.com

Source: Arch Capital Group Ltd.

FAQ

Who is announced as the new President of Arch Reinsurance Company?

Jonathan Schriber will assume the role of President effective Aug. 1, 2023.

Where will Jonathan Schriber be based?

Jonathan Schriber will be based in the company’s Morristown, New Jersey, office.

What is Peder Moeller's new role?

Peder Moeller will be returning to Europe in a senior role to help advance Arch Re Europe’s strategic efforts.

What is Maamoun Rajeh's opinion on Jonathan Schriber?

Maamoun Rajeh expresses excitement for Schriber's leadership and his ability to deliver results.

What are Jonathan Schriber's goals in his new role?

Jonathan Schriber aims to focus on continuing to be the first call for clients and building on the success of the business for many years to come.