Arch poaches chief risk officer from rival AXIS

Arch Insurance International, a part of  Arch Capital Group, has hired a new chief risk officer (CRO) from rival Bermudian AXIS.

Tom Rivers (pictured) joins from AXIS Managing Agency where he was CRO for nearly five years. Prior to that, he was CRO at Novae Group and previously held senior actuarial roles at PwC.

Rivers has extensive enterprise risk management and regulatory experience in corporate actuarial and risk management roles, gained over 20-year of working in the insurance sector

Hugh Sturgess, CEO of Arch Insurance International, said: “Tom is a highly respected authority on risk management. His extensive experience in embedding robust risk cultures and using a holistic view of landscape to guide strategic-level risk decisions is a welcome addition to our senior management team. I look forward to working with him to support the delivery of the business’s long-term needs and ambitions.”

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