Arch Insurance Promotes Fernández and Losada to Heads of Cyber for Europe & Iberia

Key Takeaways

• Arch appoints Jiménez Fernández as Head of Cyber for Europe.
• Ortiz Losada becomes Head of Cyber for Iberia, covering Spain and Portugal.
• Both leaders joined Arch in 2023 from Tokio Marine HCC and AIG.
• Portfolio includes primary and excess cyber, tech E&O, media E&O coverage.
• Expansion targets rising European demand for cyber insurance solutions.

Pulse Analysis

Arch Insurance, the European arm of Bermuda‑based Arch Capital Group, announced two senior appointments on Monday. Jose Carlos Jiménez Fernández was elevated to Head of Cyber for Europe, while Rafael Ortiz Losada took the helm as Head of Cyber for Iberia. Both executives are based in Madrid and report to Sergio Pierro, who continues to lead the French cyber franchise. The moves come after each joined Arch in 2023, bringing underwriting expertise from Tokio Marine HCC and AIG. By consolidating leadership under seasoned underwriters, Arch signals a deliberate push to scale its cyber portfolio across the continent.

The European cyber insurance market has been expanding at double‑digit rates, driven by heightened regulatory scrutiny, ransomware attacks, and the digital transformation of traditional industries. Insurers are increasingly offering layered solutions that combine primary coverage with excess limits, as well as specialized tech errors‑and‑omissions (E&O) and media E&O policies. Arch’s portfolio, now overseen by Fernández and Losada, spans these product lines, allowing the firm to address the full spectrum of cyber risk for midsize and large enterprises. This breadth positions Arch to compete with global players such as AIG, Allianz and Zurich, which are also bolstering their cyber teams.

For brokers and corporate clients, the appointments promise deeper technical expertise and stronger relationships in both Continental Europe and the Iberian Peninsula. Matthew Brophy, Arch’s Chief Underwriting Officer for AlEU, highlighted the firm’s ambition to capture market share by leveraging the new leaders’ broker networks and underwriting acumen. As cyber loss ratios remain volatile, insurers with robust risk assessment capabilities are better equipped to price policies profitably. Arch’s strategic focus on talent and product diversification suggests it will continue to expand its cyber capacity, potentially influencing pricing dynamics and capacity availability across the European reinsurance market.