Arch Reinsurance elevates executive trio to key roles

Arch Reinsurance elevates executive trio to key roles | Insurance Business Australia

Insurance News

Arch Reinsurance elevates executive trio to key roles

Newly appointed CUO will also retain current chief executive role

Insurance News

By
Kenneth Araullo

Arch Reinsurance Group has announced the promotion of three key senior executives, set to take effect on April 1, 2024.

Jerome Halgan has been appointed as president and chief underwriting officer of Arch Reinsurance Group. Besides this expanded role, he will retain his position as CEO of Arch Reinsurance Ltd. (Arch Re Ltd.).

Halgan, who has been with Arch since 2009, was previously a vice president at Berkshire Hathaway for seven years. He also held previous roles at SOREMA North America.

In addition to Halgan, Vanessa Hardy Pickering has been named chief financial officer (CFO) of Arch Reinsurance Group. In her new role, she will collaborate closely with reinsurance CFOs throughout the company to direct the finance department.

Hardy Pickering joined Arch in 2021 and most recently held the position of CFO at Arch Re Ltd. She is also currently a board member for the Association of Bermuda International Companies (ABIC). Prior to her tenure at Arch Re, she also held roles at Hamilton, Ariel Re, Rosemont Re, and Ernst & Young.

Finally, Lester Pun will take on the role of chief operating officer (COO) of Arch Reinsurance Group. He is charged with managing the company’s data strategy initiative.

Pun joined Arch in 2018, serving most recently as the chief actuary of Arch Re Ltd. He held previous roles at New Ocean Capital Management, AQR Re, and Flagstone Reinsurance Holdings.

Maamoun Rajeh, chairman and CEO of Arch Reinsurance Group, expressed his enthusiasm about the promotions, noting the trio’s contributions to the company.

“Our deep talent pool continuously produces exceptional leaders, steeped in our unique performance culture. I look forward to the positive impact these executives will continue to have on our employees, clients and partners, as we further establish Arch Re as a leader in our industry,” Rajeh said.

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