Arch Insurance lures Berkshire Hathaway SVP to drive tech transformation
Arch Insurance North America has lured a Berkshire Hathaway senior vice president as its new chief information officer (CIO).
In this role, Prabhu Venkataraman (pictured) will be responsible for leading technology implementation and services across the segment, with a particular focus on strategic alignment, data enablement and empowering the business.
He will report to Prashant Nema, executive vice president and chief information officer of Arch Capital Services and Brian First, president of Arch Insurance North America.
Venkataraman joins Arch from Berkshire Hathaway Specialty Insurance, where he was senior vice president, enterprise applications and architecture. In this role, Venkataraman led the development and implementation of business, strategic technology initiatives and Enterprise IT systems across the company.
He has more than two decades of industry experience, including technology and operational leadership positions at MassMutual Financial Group, Hewlett Packard, Cognizant Technology Solutions and others.
“Prabhu’s addition is another step forward for Arch as we continue to build scalable and enhanced capabilities and invest in our future through our talent,” First said. “Prabhu’s seasoned perspective will be critical as we continue to execute our business technology transformation strategy in support of ongoing strong market demand for Arch’s specialty insurance solutions.”
Nema added: “Having led complex technology transformations and implementation at scale, Prabhu brings a wealth of specialized expertise that will be critical to evolving our Insurance operating model, with a north star technology platform and tech talent with modern skills.”
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