Arch launches transport and logistics insurance division
Arch Capital Group has announced the launch of a new transport and logistics insurance division and the appointment of Steve O’Gorman as Head of Transport and Logistics.
The new division offers marine and P&C insurance solutions for both the logistics and cargo sectors, on a global basis. It will also offer packaged insurance products specifically designed for companies operating in the fast-growing third-party logistics sector, including contractual/professional liability, shipper’s interest cargo, and property & equipment cover.
The division will be led by Steve O’Gorman. O’Gorman will be responsible for bringing innovative products to market and capitalizing on his extensive experience in the sector to build a diverse and sustainable portfolio of business. He will report to James Croome, Active Underwriter Arch Syndicate 2012 and Head of Fine Art & Specie.
O’Gorman brings over 35 years of market experience to the role, spanning both the global cargo and logistics arenas. Previously, he was International Head of Marine & Energy at Argo Group having joined the company in 2016. Prior to that he worked at CNA Insurance Company for 19 years, most recently as European Underwriting Director – Transport & Logistics. He began his insurance career in 1984 at Sedgwick.
“The launch of the transport and logistics division is a significant step for Arch given the growth potential we see in the sector . We believe that our ability to provide the breadth of cover – whether individual products or packaged solutions – through a single dedicated operation focused exclusively on the individual client will prove a winning market proposition.” – James Croome.
“We are excited about the potential to deliver market-advancing products in the cargo and logistics space. Our aim is to combine our market experience and technical underwriting expertise with data informed insight to deliver the scope and quality of products that this evolving marketplace requires.” – Steve O’Gorman.