Arch Insurance has strengthened its foothold in the European cyber insurance market with the recent appointments of Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as Senior Cyber Underwriters.
Jiménez Fernández and Ortiz Losada will be part of the Arch Insurance (EU) dac team, specializing in property and casualty insurance solutions within the European Union. Operating from Madrid, their primary task will be to expand Arch’s European cyber insurance portfolio, offering primary and excess coverage across a wide array of sectors, including energy & utilities, financial institutions, and manufacturing. Their primary focus will be on Spain and Portugal.
Both appointees bring significant experience to their new roles. Jiménez Fernández, formerly the Cyber Manager for Southern Europe, the Middle East, Africa, and Latin America at Tokio Marine HCC, has worked in senior underwriting positions at AIG and held roles in cyber risk management and security at Deloitte, PwC, and EY.
“Security Expertise”
Ortiz Losada, who joins from AIG as a Senior Cyber Underwriter, previously served in a senior consulting role for cyber risk at Deloitte.
Matthew Brophy, Chief Underwriting Officer of Arch Insurance (EU) dac, stated, “Jose and Rafael’s combined cyber security expertise, local market knowledge, and breadth of relationships make them ideal appointments as we open our operations in Spain. We see considerable opportunity to expand our cyber proposition for our brokers in Europe as well as strengthen our overall position in the insurance market across the region. In their new roles, Jose and Rafael will play a central role in facilitating this.”
Nicolas Papadopoulo, Chief Underwriting Officer of Arch Capital Group Ltd. and Chief Executive Officer of Arch Worldwide Insurance Group, added, “Today’s announcement is another important milestone in our European expansion plans. The establishment of operations in Spain will enable us to better service our brokers in the region and bring critical local-market knowledge to support our continued growth.”
Source: Arch Insurance Announces Senior Cyber Appointments in Spain
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