Arch Insurance Appoints New Leadership to Strengthen Wholesale Platform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Arch Insurance North America announced a series of leadership and distribution appointments designed to strengthen its Wholesale platform and support long-term growth in the Excess & Surplus market. As part of these changes, Jason Conkin has been promoted to the new position of Division President - Wholesale Property & Casualty where he will lead underwriting and expansion of profitable growth initiatives for E&S lines. Mike Ward has been promoted to Executive Vice President, Head of E&S Casualty and will report to Conkin, as will Joe Morrello, Executive Vice President, Head of E&S Property. Jared Stacey has also been named Senior Vice President, Head of Wholesale Distribution, reporting to Sue Srinivasan, Executive Vice President, Distribution. Stacey will be responsible for coordinating Wholesale distribution strategy, enhancing alignment with underwriting teams and delivering a more consistent experience for Wholesale partners. Additionally, Valerie Turpin, Division President - Property, has announced her retirement, effective July 1, after nearly eight years leading the Property business for Arch Insurance.
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Analyst Views on ACGL
Wall Street analysts forecast ACGL stock price to rise
12 Analyst Rating
5 Buy
6 Hold
1 Sell
Moderate Buy
Current: 92.370
Low
93.00
Averages
106.08
High
124.00
Current: 92.370
Low
93.00
Averages
106.08
High
124.00
About ACGL
Arch Capital Group Ltd. is a Bermuda-based company, which provides insurance, reinsurance, and mortgage insurance through its subsidiaries. The insurance segment consists of the Company’s insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; professional lines; programs; property, energy, marine and aviation; travel, accident and health; warranty and lender solutions, and others (consisting of alternative markets, excess workers' compensation and surety business). The reinsurance segment consists of its reinsurance underwriting units, which offer specialty product lines, including casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and others (consisting of life reinsurance and other). The mortgage segment includes its United States primary mortgage insurance business, investment and services related to United States credit-risk transfer.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Service Commitment: Arch RoamRight is dedicated to providing solutions that help travel advisors and their clients prepare for unexpected events, further enhancing its competitiveness in the travel insurance market and driving sustainable business growth.
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- Schmeiser's Credentials: Schmeiser joined Arch in 2017 and has been President and CEO of Arch U.S. Mortgage since 2019, and his expertise in the mortgage sector is expected to drive further growth for the company in this market.
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See More
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- Leadership Experience: Halgan joined Arch in 2009 and has served as Chief Underwriting Officer, while Schmeiser joined in 2017 and has been CEO of Arch U.S. Mortgage since 2019, both demonstrating exceptional performance that ensures the company's growth through market cycles.
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- Acceptance Priority Levels: The acceptance priority level for the 2043 notes is set at 15%, while the 2046 notes are at 25%, indicating a layered strategy in managing debt to ensure effective capital utilization.
- Early Tender Deadline: As of the early tender deadline on June 15, 2026, valid tenders amounted to $218.712 million for the 2043 notes and $199.139 million for the 2046 notes, demonstrating strong investor demand for these securities.
- Payment Schedule: The company expects to make payments on June 18, 2026, for notes validly tendered, which will help enhance investor confidence and optimize the company's liquidity management.
See More
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- New Appointments: Mike Ward and Joe Morrello have been elevated to Executive Vice Presidents for E&S Casualty and Property, respectively, reporting to Conkin, which aims to enhance internal collaboration to support the long-term development of the E&S business.
- Distribution Strategy Enhancement: Jared Stacey has been appointed as Senior Vice President, Head of Wholesale Distribution, responsible for coordinating distribution strategies and improving alignment with underwriting teams, which is expected to provide a more consistent experience for wholesale partners.
- Retirement and Succession: Valerie Turpin has announced her retirement effective July 1, concluding nearly eight years of leadership, and the leadership changes reflect the company's ongoing commitment to growth across market cycles.
See More
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See More
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- Industry Recognition: Arch RoamRight has been awarded Trip Protection Partner of the Year for 2026 by Global Travel Collection (GTC), highlighting its innovation and service excellence in the luxury travel sector, thereby enhancing its brand reputation in the high-end market.
- Customer Trust: Linda Fallon, President of Consumer Business at Arch Insurance, stated that this award reflects the trust placed in their team by travel advisors, indicating the company's ongoing efforts to meet client needs and strengthen customer loyalty.
- Service Commitment: Arch RoamRight is dedicated to providing solutions that help travel advisors and their clients prepare for unexpected events, further enhancing its competitiveness in the travel insurance market and driving sustainable business growth.
- Global Influence: The Global Travel Collection is a significant network of independent travel advisors, and its annual awards aim to recognize brands redefining luxury travel; Arch RoamRight's recognition will facilitate its further expansion in the global market.
See More
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- Executive Appointments: Arch Capital Group announced the appointment of Jerome Halgan as CEO of Arch Global Reinsurance Group and Michael Schmeiser as CEO of Arch Global Mortgage Group, indicating a strategic shift in leadership to adapt to market changes.
- Halgan's Background: Having joined Arch in 2009, Halgan has served as CEO of Arch Re Bermuda since 2018 and as President and Chief Underwriting Officer of Arch Reinsurance Group since 2024, showcasing his extensive experience and leadership in the reinsurance sector.
- Schmeiser's Credentials: Schmeiser joined Arch in 2017 and has been President and CEO of Arch U.S. Mortgage since 2019, and his expertise in the mortgage sector is expected to drive further growth for the company in this market.
- Market Impact: The leadership changes may influence Arch Capital's strategic direction, particularly in the current competitive market environment, where the new leadership team will face challenges in enhancing company performance and market share.
See More
Arch Capital Appoints New CEOs to Drive Global Business Growth
- Executive Appointments: Arch Capital Group has announced the promotion of Jerome Halgan to CEO of Arch Global Reinsurance Group and Michael Schmeiser to CEO of Arch Global Mortgage Group, both continuing to report to President Maamoun Rajeh, reflecting the company's commitment to strong leadership.
- Leadership Experience: Halgan joined Arch in 2009 and has served as Chief Underwriting Officer, while Schmeiser joined in 2017 and has been CEO of Arch U.S. Mortgage since 2019, both demonstrating exceptional performance that ensures the company's growth through market cycles.
- Strategic Execution: Halgan emphasized the continuation of disciplined underwriting and deepening relationships with brokers and cedants to drive business growth, while Schmeiser plans to leverage his success in U.S. operations to enhance global mortgage business competitiveness.
- Company Strength: As of March 31, 2026, Arch Capital boasts approximately $26.9 billion in capital and is part of the S&P 500 Index, showcasing its robust market position and growth potential in global insurance, reinsurance, and mortgage insurance sectors.
See More
Arch Capital Announces Details of Cash Tender Offers
- Total Tender Offer Amount: Arch Capital Group announced a total consideration of $417.851 million for its cash tender offers involving 2043 and 2046 senior notes, reflecting the company's focus on optimizing its capital structure.
- Acceptance Priority Levels: The acceptance priority level for the 2043 notes is set at 15%, while the 2046 notes are at 25%, indicating a layered strategy in managing debt to ensure effective capital utilization.
- Early Tender Deadline: As of the early tender deadline on June 15, 2026, valid tenders amounted to $218.712 million for the 2043 notes and $199.139 million for the 2046 notes, demonstrating strong investor demand for these securities.
- Payment Schedule: The company expects to make payments on June 18, 2026, for notes validly tendered, which will help enhance investor confidence and optimize the company's liquidity management.
See More
Arch Insurance Strengthens Leadership to Drive Growth
- Leadership Changes: Arch Insurance has promoted Jason Conkin to Division President of Wholesale Property & Casualty, tasked with driving profitable growth in the E&S market, indicating the company's commitment to market expansion.
- New Appointments: Mike Ward and Joe Morrello have been elevated to Executive Vice Presidents for E&S Casualty and Property, respectively, reporting to Conkin, which aims to enhance internal collaboration to support the long-term development of the E&S business.
- Distribution Strategy Enhancement: Jared Stacey has been appointed as Senior Vice President, Head of Wholesale Distribution, responsible for coordinating distribution strategies and improving alignment with underwriting teams, which is expected to provide a more consistent experience for wholesale partners.
- Retirement and Succession: Valerie Turpin has announced her retirement effective July 1, concluding nearly eight years of leadership, and the leadership changes reflect the company's ongoing commitment to growth across market cycles.
See More
Arch Capital Group Announces $2B Senior Notes Offering
- Bond Offering Size: Arch Capital Group announced a $2 billion senior notes offering, which includes $600 million of 5.250% notes due in 2036 and $1.4 billion of 5.950% notes due in 2056, aimed at optimizing capital structure and enhancing financial flexibility.
- Planned Use of Proceeds: The company intends to use part of the proceeds to repay $500 million of 4.011% senior notes due in 2026, which not only alleviates short-term debt burdens but also provides more funding for future investments.
- Tender Offer Strategy: Additionally, part of the funds will be used for tender offers on its subsidiaries' 2043 and 2046 senior notes, with rates of 5.144% and 5.031%, respectively, aimed at reducing long-term debt costs and optimizing capital structure.
- Market Reaction: Despite the announcement of this significant financing plan, the stock fell 1.26% in the trading session following the announcement, closing at $87.62, reflecting market concerns over increased debt that may impact future shareholder returns.
See More
