Arch Reinsurance Group announced a series of leadership changes, promoting William Soares (pictured above) to president of Arch Reinsurance Ltd. (Arch Re Ltd.), naming Pierre Jal as president of Arch Reinsurance Europe Underwriting dac (Arch Re Europe), and elevating David Seyller to chief underwriting officer of Arch Re Europe. The appointments are effective immediately.
As president of Arch Re, Soares will continue his underwriting duties while also taking on responsibility for operational departments, including finance and legal. He joined Arch Re in 2006 and has held several roles of increasing responsibility during his tenure.
Soares began his career at Arch Re as an underwriter for casualty and specialty lines. Prior to joining Arch Re, he worked as an audit manager at Ernst & Young.
Jal, in his new role as president of Arch Re Europe, will oversee the underwriting mandate and strategy for the company. He will also manage the reinsurance lines of Arch Syndicate 1955 at Lloyd’s. Jal has been with Arch Re Europe since 2007, beginning as an underwriter and actuary, and later holding senior underwriting roles at both Arch Re Europe and Arch Re.
Over the course of his career with Arch, Jal has built experience across multiple geographies and product lines, providing a foundation for his leadership of Arch Re Europe’s underwriting strategy. His tenure includes work across casualty, property, and specialty reinsurance sectors.
Seyller, who previously reported to Jal, will succeed him as chief underwriting officer of Arch Re Europe. In this role, Seyller will lead property and casualty, agriculture, and structured underwriting teams across Europe.
Arch Re Europe, based in Dublin, Ireland, was established in 2008 and operates with branch offices in Zurich and London, and an underwriting office in Copenhagen. The company provides reinsurance solutions across multiple lines of business and serves clients throughout Europe.
Soares and Jal will report to Jerome Halgan, president and chief underwriting officer of Arch Reinsurance Group, while Seyller will report to Jal.
“William, Pierre and David are all seasoned reinsurance professionals and reflect the depth and quality of our bench of strong leadership at Arch Re. These well-deserved promotions position us to better serve our clients, navigate complex risks and capitalize on future growth opportunities for Arch Re,” Halgan said.
Arch Capital Group, the parent company of Arch Re, reported approximately $24.3 billion in capital as of March 31.
Last year, Arch Capital Group reported net income available to common shareholders of $925 million for the fourth quarter of 2024. This figure marked a decrease compared to $2.3 billion reported in the same quarter the prior year, reflecting the impact of an elevated catastrophe loss environment on the company’s underwriting results.
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