Arch Insurance International (Arch), a wholly-owned subsidiary of Arch Capital Group Ltd, has promoted ceded reinsurance senior vice president Krista Bonneau to chief reinsurance and exposure officer, effective immediately.
In her new role, Bonneau will be responsible for developing and managing the ceded reinsurance and exposure management functions across Arch’s portfolio. She will be based in London and will report to Arch president and CEO Hugh Sturgess.
Commenting on the appointment, Sturgess highlighted that Arch’s reinsurance procurement strategy had been a critical part of its solid growth in recent years – and Bonneau, along with the rest of the senior management team, has led the development of that strategy.
The CEO added: “This promotion also recognizes Krista’s contribution to our team and to our future in a dynamic and evolving marketplace.”
Bonneau, who has been with Arch since 2010, commented: “I am excited to be taking on this combined role, both to develop synergies between reinsurance and exposure management and to support Arch Insurance International’s goals for growth in the London Market and beyond.
“Our aim will be to ensure we maintain a balanced strategy which closely aligns with our overarching business objectives and helps facilitate our continued success.”
Bonneau’s promotion follows the appointment of Tom Stoyle as Arch’s new senior underwriter for contingency to boost the contingency team operating across multiple sectors, including events companies, media companies, broadcasters, advertising agencies, and sponsors.