Arch Insurance Bermuda CUO to step down after 21 years
Arch Insurance Bermuda’s president and chief underwriting officer is set to retire at the end of 2023 after more than 20 years with the company.
Tony Hay (pictured) will retire as president and CUO after over five years at the helm.
Hay has served as president and CUO of Arch Insurance (Bermuda) since 2018. Under his leadership the Bermuda insurance operation has tripled its premium since 2018 and strengthened Arch's standing on the island.
He joined Arch in 2002 and established the Bermuda professional lines team, which he managed until his promotion to CUO in 2011. Prior to joining Arch, Hay was vice president, underwriting, at Ace Bermuda Insurance and has held a series of senior roles across an insurance career spanning 45 years.
Hay’s successor is expected to be announced shortly.
Hugh Sturgess, president and chief executive officer, Arch Insurance International said: “Tony has been essential to the success of Arch Insurance (Bermuda) both in terms of underwriting stewardship and building an impressive team. He has inspired those around him to a commitment in delivering the highest possible standards for our brokers and clients. We are grateful for his huge contribution to Arch and wish him all the very best for his retirement.”
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