Arch Insurance International is part of Arch Capital Group. Credit: viewimage/Shutterstock.

Arch Insurance International has appointed Marie Penberthy as its new chief financial officer (CFO), succeeding Jason Kittinger.  

In her new role, which is pending regulatory approval, Penberthy will oversee the finance function including accounting, financial planning and analysis, and reporting. 

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She will report directly to Hugh Sturgess, president and CEO of Arch Insurance International. 

She joined Arch Insurance UK as financial controller in 2022 and was promoted to CFO of UK operations in December 2023.  

With a 22-year career focused on the insurance industry, Penberthy previously served as corporate financial controller at Talbot Underwriting. 

Arch Insurance International, under the umbrella of Arch Capital Group, encompasses Arch Insurance UK, Arch Insurance (EU) dac’s property and casualty insurance operations, and insurance operations across Europe, Bermuda and Australia. 

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Sturgess said: “Marie is a valuable addition to our executive team with a firm understanding of our finance function and a vision for further modernisation building on previous successful projects and performance enhancements. She has the support of a very skilled team behind her. I welcome Marie to this role.”   

Last week, Arch Insurance North America, another division of Arch Capital Group, concluded the acquisition of select Allianz assets in the US.  

The $1.4bn deal included Allianz’s US MidCorp and Entertainment insurance businesses, along with specific specialty insurance programmes from Allianz Global Corporate & Specialty. 

Around 500 former Allianz employees joined Arch Insurance North America as part of the deal. 

Mark Lange, formerly chief strategy officer for Arch Insurance North America, will oversee the integration of the new Arch MidCorp and Entertainment businesses in his new role as chief middle market executive.