Arch Bermuda has appointed Matthew Smith as managing director, effective from 1 January 2024. His appointment will follow the retirement of Tony Hay who has served in the role since 2018. In his new role, Smith will be responsible for managing all aspects of Arch Bermuda’s direct insurance operations. He will report to Mike Lay, chief underwriting officer for long tail lines at Arch International. Smith has been with Arch Bermuda since 2002 and currently serves as senior vice president and underwriting manager for executive assurance. Prior to joining Arch, he was a senior professional liability underwriter at Chubb. Hugh Sturgess, CEO at Arch International, comments: “The fact that we are able to promote from within for this top position speaks to the calibre and depth of our Bermuda team.” He adds: “Bermuda is a core market for Arch, and we have invested heavily in our talent base [there].”
