Company Announcements

Bair is tasked with maximizing growth opportunities at the E&S property-focused MGU

NEW YORK--(BUSINESS WIRE)--Oct. 3, 2024-- Arch Insurance North America announces that Ventus Risk Management (Ventus, the Company), a wholly-owned managing general underwriter (MGU), has appointed Tyler Bair as President.

Bair is responsible for driving growth, managing day-to-day operations and building relationships with brokers and carrier partners. Bair previously spent three years with Ventus, and most recently worked at Amwins Underwriting helping to drive technology, operations and data strategies across their multiple underwriting companies in the U.S. and U.K.

“We are thrilled to have Tyler rejoin Ventus and are confident he is the right leader to propel the platform into its next stage of growth,” said Matt Shulman, CEO of Arch Insurance North America. “Ventus is an important facet of Arch’s overall property strategy, a trusted MGU for its capacity providers and a respected partner for its producing brokers. Tyler’s strong expertise in this area and meaningful relationships make him the perfect fit for this role.”

“I’m grateful for the trust Arch has placed in me, and I’m excited to hit the ground running,” Bair said. “I look forward to working with the Ventus team, familiar faces and new colleagues alike, to continue to leverage the data-forward, innovative Ventus platform to bring coastal commercial property solutions to our producers and customers.”

Richard Goldfarb, who has led Ventus for the past five years, will remain with the team as its Head of Strategy. Richard brings strong technical pricing and portfolio management skills, as well as deep property knowledge, to this new role.

“I want to express our thanks to Richard for the important role he has played since our acquisition of Ventus in 2019. We are looking forward to his continued contributions to future growth,” Shulman added.

To learn more about Ventus, visit https://ventusrisk.com/

About Ventus Risk Management

Ventus Risk Management, a wholly-owned subsidiary/affiliate of Arch Insurance, is a managing general underwriter with offices in Atlanta, GA, Columbia, SC, Houston, TX, New York, NY and Richmond, VA. Ventus focuses on providing coastal commercial property insurance solutions to small and mid-sized enterprises in coastal areas from Texas to Maine on behalf of multiple third-party carrier partners.

About Arch Insurance North America

Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property & Casualty Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $23.4 billion in capital at June 30, 2024. Arch, which is part of the S&P 500 Index, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward−looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward−looking statements, which reflect the Company’s current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward−looking statements.

Forward−looking statements can generally be identified by the use of forward−looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward−looking statements involve the Company’s current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage the our gross and net exposures; the failure of others to meet their obligations to the Company; a disruption caused by cyber-attacks or other technology breaches or failures on the Company or the Company’s business partners and service providers, which could negatively impact the Company’s business and/or expose the Company to litigation; and other factors identified in our filings with the U.S. Securities and Exchange Commission (“SEC”).

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward−looking statements attributable to us or persons acting on the Company’s behalf are expressly qualified in their entirety by these cautionary statements. The Company’s forward-looking statements speak only as of the date of this press release or as of the date they are made, and the Company undertakes no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.

Source — Arch Insurance North America
Tag — arch-insurance

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Media:
Stephanie Perez
stperez@archgroup.com

Source: Arch Capital Group Ltd.