The new division will offer a range of specialist, marine and P&C insurance solutions for both the logistics and cargo sectors, on a global basis.
It will also offer packaged insurance products designed for companies operating in the “fast-growing third-party” logistics sector, including contractual/professional liability, shipper’s interest cargo, and property and equipment cover.
The division will be led by Steve O’Gorman who will be responsible for bringing “innovative products” to market and capitalising on his “extensive experience” in the sector.
Commenting on his new appointment, he said: “We are excited about the potential to deliver market-advancing products in the cargo and logistics space.
“Our aim is to combine our market experience and technical underwriting expertise with data informed insight to deliver the scope and quality of products that this evolving marketplace requires.”
O’Gorman brings over 35 years of market experience to his new role, spanning both the global cargo and logistics arenas. Previously, he was international head of marine and energy at Argo Group having joined the company in 2016.
Prior to that he worked at CNA Insurance Company for 19 years, most recently as European underwriting director – transport and logistics.
James Croome, active underwriter Arch Syndicate 2012 and head of fine art and specie, added: “The launch of the transport and logistics division is a significant step for Arch given the growth potential we see in the sector.
‘We believe that our ability to provide the breadth of cover – whether individual products or packaged solutions – through a single dedicated operation focused exclusively on the individual client will prove a winning market proposition.”