An industry veteran has joined the travel insurance arm of
Arch Insurance. The firm announced Tuesday that Greg Johnson has been hired as Vice President of Business Development for Travel, effective February 6.
Johnson reports to Linda Fallon, senior vice president of travel. “We are excited to add Mr. Johnson to our team at a time when the industry is seeing competitive and regulatory changes,” said Fallon.
The firm has developed Arch Insurance Solutions (AIS) has a travel insurance company over the past five years. AIS is focused primarily on the small to mid-sized retail and wholesale channels.
Johnson said he is “excited” to help drive increased market penetration of Arch Insurance’s RoamRight brand, “by leveraging the integrated platform of underwriting, claims administration and customer service.”
RoamRight’s travel insurance plans are for leisure, business, student, and group travelers with both domestic and international trips.
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Some 36% of consumers expect to buy more travel insurance this year while 61% of travel agents foresee rosy prospects for travel insurance in 2017, according to a
Berkshire Hathaway Travel Protection (BHTP) white paper published last month.
Significantly more international leisure trips are covered by travel insurance (39%) than domestic leisure trips (16%), which appears to lead to an expected increase in travel insurance sales, the report added.
Prior to joining Arch, Johnson served as vice president, business development and sales at Trip Mate, and vice president sales at Travelex Insurance Services.
Johnson’s “expertise” and experience in business development and management will help to further strengthen the market position of Arch Insurance travel offerings and the AIS platform, Fallon said.
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