Arch Insurance has appointed Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as senior cyber underwriters.
Jiménez Fernández and Ortiz Losada will join Arch Insurance (EU) DAC, which provides specialist property and casualty insurance solutions within the European Union.
In their new roles, they will have a particular focus on Spain and Portugal.
Based in Madrid, they will be responsible for writing primary and excess coverage for Arch Europe across sectors including energy and utilities, financial institutions and manufacturing.
Fernández joins Arch from Tokio Marine HCC where he was most recently cyber manager for Southern Europe, the Middle East and Africa, and Latin America.
Previously, he was a senior cyber underwriter at AIG and has also held cyber risk management and security roles at Deloitte, PwC and EY.
Losada joins from AIG where he was most recently a senior cyber underwriter based in Madrid. Prior to this, he worked at Deloitte for over five years, rising to the position of senior consultant for cyber risk.
Commenting on the announcement, Matthew Brophy, chief underwriting officer of Arch Insurance (EU) DAC, says: “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.”
He adds: “We see an opportunity to expand our cyber proposition for our brokers in Europe, as well as to 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.”
