Arch Insurance Group creates a new energy division

Arch Insurance Group, a member of Arch Capital Group Ltd., has formed a new energy division Arch Worldwide Energy that harnesses all of the group’s property and casualty energy-related capabilities into one dedicated unit.
The new division combines Arch’s expertise in the areas of onshore energy, offshore energy, construction all-risk, erection all-risk and energy casualty.
Arch said in a press release the move is intended “to heighten [Arch’s] response to evolving energy needs worldwide.”
Arch Worldwide Energy will be led by Thomas G. Kaiser, the executive vice president at Arch Insurance Group.
“Arch Insurance Group has always offered expertise in energy, but this strategic group completely dedicated to the issues of the energy market will drive high-quality risk solutions on a worldwide basis,” said Ralph E. Jones, the chairman and CEO of Arch Insurance Group.
“This new division maximizes the energy-specific intellectual capital, products and services of Arch exclusively for the energy sector,” said Kaiser. “We have studied our clients’ evolving risk needs and believe that our new unit positions us to develop the most effective solutions for their risk management arsenal.”
The Arch Worldwide Energy client base includes clients from oil, gas, petrochemical, chemical, power generation, pulp and paper, mining and steel industries.
Clients can access these services in Canada, the United States, Canada and London.