Arch Insurance EU has promoted Duncan Smith to CEO, following Søren Scheuer’s decision to step down from the role.
In his new position, Smith will lead the executive management team of Arch and deliver on the company’s growth plans for continental Europe through its expanding network of branch offices.
He joined the firm in 2005, most recently having served as deputy CEO of Arch Insurance EU. Prior to that, he was head of professional lines for Arch Insurance International.
Meanwhile, Scheuer will remain on the board of the company as a non-executive director and will focus on leading the accident and health team at Arch Re Underwriting.
Kirsten Valder, director of Arch Insurance EU and deputy CEO of Arch Insurance International, comments: “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 Arch continues to elevate its market position and relevance to brokers and customers across Europe.”
