30 July 2015 Insurance

Arch hires Starr exec as SVP

Arch Insurance Group, a member of Arch Capital, has appointed Shane McCaffrey as senior vice president.

McCaffrey will lead the development of Arch’s Defense Base Act (DBA) and foreign casualty insurance for US-based multinationals.

Based in the firm’s New York office, he will report to Shane McCaffrey executive vice president, who leads Arch’s construction, national accounts casualty and excess workers compensation business units.

He joins the firm from insurance and financial services organisation Starr Companies.

Stock said: “Shane is a great hire for Arch and the perfect executive to help build out our DBA capabilities.

“From major contractors with thousands of employees on the ground to small consulting business firms, he knows firsthand the challenges associated with underwriting this line of business. This line is a key component to Arch’s growth strategy and will incorporate other product offerings from the company.”

McCaffrey said: “I am thrilled to be joining Arch and leading the DBA efforts for the organisation. Overseas work brings with it its own set of unique underwriting and service challenges, and I look forward to having Arch Insurance Group become a leader in offering comprehensive solutions for the care and safety of our customers' employees.”

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