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Arch Insurance Launches Two Principal Underwriting Units

Michael Murphy and David McElroy will work with John Edack to maximize AI’s capabilities

Arch Insurance (AI) has launched two principal underwriting groups, Arch Property & Casualty and Arch Financial & Professional Liability, to help AI capitalize on underwriting opportunities as the market transitions.

AI stated that Michael Murphy, company’s Senior Executive Vice-President will be acting as President of Arch Property & Casualty Group, and David McElroy will take up as the President of Arch Financial & Professional Liability. Both will work with John Edack, Chief Regional and Marketing Officer, to maximize AI’s capabilities in the marketplace. Mr. Murphy, Mr. McElroy and Mr. Edack will report to Mark Lyons, Chairman and CEO of Arch Worldwide Insurance.

AI declared John Rafferty as Head of Executive Assurance division of Financial & Professional Liability.

Bermuda-based Arch Insurance is a division of Arch Capital, which provides insurance and reinsurance services globally.