Arch Insurance (EU) promotes Duncan Smith to CEO

Arch Insurance (EU) dac (AIEU) has promoted Duncan Smith to Chief Executive Officer, tasking him with leading the executive management team and driving the firm’s growth plans across continental Europe.

According to Arch, Smith’s appointment follows the decision by Søren Scheuer to step down as CEO of AIEU. Scheuer will reportedly remain on the Board of AIEU as a Non-Executive Director, subject to regulatory approval.

Smith joined Arch in 2005 and was most recently Deputy CEO of AIEU.

Before this, he was Head of Professional Lines for Arch Insurance International.

Kirsten Valder, a Director of AIEU and Deputy CEO of Arch Insurance International, commented on the announcement, “Duncan’s appointment as CEO marks an exciting next chapter for our EU business.

“His considerable underwriting expertise and leadership experience will be critical as AIEU continues to elevate its market position and relevance to brokers and customers across Europe.”

Michael Hammer, a Director of AIEU and President & CEO of Arch Reinsurance Europe Underwriting dac said, “We sincerely thank Søren for his leadership and relentless engagement during the past six years. During his tenure, Søren established a highly talented team and set the Company on a clear course for European expansion.”

For those unaware, AIEU provides specialist insurance solutions within the European Union, writing insurance business through its P&C and Mortgage divisions, and providing capacity to Managing General Agents through its Alwyn Europe division.

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