Arch Insurance International has announced the appointment of Jelle Ouwehand (pictured above) as head of terrorism, political violence, and war.
Ouwehand will oversee underwriting activities for a portfolio that includes terrorism, strikes, riots and civil commotion (SRCC), malicious damage, political violence, war, nuclear, chemical, biological, and radiological (NCBR) risks, terrorism liability, and organised crime.
Based in London, Ouwehand will report to Lino Leoni, chief underwriting officer for short tail lines.
Ouwehand has more than 15 years of experience in the terrorism, political violence, and war insurance market, including roles in underwriting and broking. He joined Arch in 2018 as a senior underwriter and previously worked as a senior terrorism, political violence, and war broker at Marsh.
In a statement, Leoni highlighted Ouwehand’s expertise and leadership abilities, expressing confidence in his ability to guide the team.
“Jelle’s market standing, level of technical expertise, leadership skills, and commitment to service make him a natural fit to lead the team,” Leoni said. “I have no doubt that under his direction we will continue to elevate our leadership position and amplify our relevance to our brokers in an increasingly complex and evolving insurance marketplace.”
Arch Insurance International operates as part of Arch Capital Group, offering insurance solutions across multiple lines in key global markets.
In other recent developments, Arch Capital Group announced its third-quarter 2024 financial results, reporting significant growth in net income, premiums, and favourable development in loss reserves.
The company reported net income available to common shareholders of US$978 million, or US$2.56 per share, translating to a 19% annualized return on average common equity. This is an increase from US$713 million, or US$1.88 per share, in the third quarter of 2023.
After-tax operating income was US$762 million, or US$1.99 per share, reflecting a 14.8% annualized return, compared to US$876 million, or US$2.31 per share, in the same quarter last year.
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