Arch Insurance International has announced the appointment of Tom Stoyle as senior underwriter, Contingency, effective 24 November, as the company continues to expand its position in the sector.
Arch said Stoyle will join the firm from Hiscox where he has been since 2013. He initially worked within the Political Risk, Contingency and Kidnap and Ransom teams before becoming a contingency underwriter in 2016.
The announcement follows the recent appointments of Chris Rackliffe as head of Contingency and Accident and Health and Claire Atley as a senior underwriter, Contingency.
Rackliffe is a “leading figure” in the contingency arena with over 25 years of market experience, while Atley, who brings over 12 years of underwriting experience to the role, is a highly accomplished practitioner in the sector.
Arch said offering insurance solutions on a worldwide basis, the contingency team operates across multiple sectors, such as event organisers, media companies, broadcasters, advertising agencies and sponsors.
Coverage includes event cancellation, non-appearance, weather, terrorism and political violence for events, prize indemnity, film production and advertising agency protection.
Rackliffe said: “We are delighted that Tom will join our highly experienced contingency team as we continue to bolster our presence in the sector. We are well-positioned to further support our brokers by working collaboratively to deliver informed solutions, backed by responsive service and supported by a highly experienced claims team.”