Arch Insurance EU announced the launch of its European property operations, alongside the opening of a new office in Milan writing accident & health, cargo & logistics, fine art & specie, general liability and property, effective immediately.
This development marks a significant milestone in Arch’s ongoing expansion across Continental Europe, broadening its underwriting capabilities and strengthening its position as a multi-line, P/C insurer in the region.
The new property capability will be delivered through underwriting hubs in France, Italy and Spain. With a broad risk appetite, the team provides insurance solutions across the full range of property occupancy types.
This expansion builds on Arch’s existing European platform by complementing its established capabilities in casualty, cyber, executive assurance and fine art & specie, allowing the business to deliver more comprehensive, integrated P/C solutions to brokers and clients.
To support this growth, senior property underwriting leads have been appointed in each market, responsible for developing the local portfolios.
The establishment of the Milan office reflects Arch’s strategy to deepen local market engagement through a dedicated Italian platform and expand its underwriting capabilities across key lines of business.
Senior underwriting leads have been appointed across accident & health, cargo & logistics, fine art & specie, general liability and property. Arch said this enhanced local presence enables the company to deliver tailored, multi-class solutions for brokers and clients across Italy.
“The property launch, together with our new Milan operations represents a significant step in scaling our European platform. By expanding our capabilities and investing in local presence, we’re strengthening our ability to deliver integrated, multi-line solutions,” commented Duncan Smith, CEO of Arch Insurance EU, in a statement.
Hugh Sturgess, CEO of Arch Insurance International, added: “This is an important development in the ongoing delivery of Arch’s broader strategy to combine local expertise and capabilities with global scale. Through this, we are able to deliver comprehensive solutions across the P/C spectrum to bolster our market presence, enhance service and continue to strengthen our underwriting and claims proposition to our brokers and mutual clients.”
Source: Arch Insurance EU
Topics
Europe
New Markets
Property
Interested in New Markets?
Get automatic alerts for this topic.
