The new division will be headed up by Argo Group’s former international head of marine and energy
Arch Insurance International has launched a new transport and logistics insurance division, marking a “significant step given the growth potential we see in the sector”.
The new division will provide a range of specialist marine and property and casualty (P&C) insurance covers for the logistics and cargo sectors on a global basis.
Plus, it also plans to offer packaged insurance products specifically designed for companies operating in the third-party logistics sector, including contractual or professional liability, shipper’s interest cargo and property and equipment cover.
Arch has hired Argo Group’s former international head of marine and energy Steve O’Gorman to lead the new division, effective immediately.
With 35 years of industry experience, O’Gorman has also previously worked at CNA Insurance Company, most recently as European underwriting director for transport and logistics. He started his career at Sedgwick back in 1984.
Winning market proposition
As head of transport and logistics at Arch, O’Gorman will be responsible for bringing innovative products to market and building a diverse and sustainable portfolio of business.
He will report to James Croome, active underwriter for Arch Syndicate 2012 and head of fine art and specie.
Speaking on the news, Croome said: “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.”
O’Gorman added: “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.”