Seamus Fearon takes on new role at Arch Capital Group
Arch Capital Group has promoted Seamus Fearon to the position of chief executive, international mortgage, in the company’s Global Mortgage Group.
He was most recently executive vice-president, credit risk transfer and European markets, Global Mortgage Group.
Fearon, a Dublin City University graduate, started with the company in 2012 and is a Fellow of the Institute and Faculty of Actuaries.
He replaces Beau Franklin, who is taking on a new role at the parent company.
In his new job, Fearon is tasked with driving diversification of the company’s global mortgage group business.
“Diversifying our mortgage portfolio has been a key strategy for the Global Mortgage Group over the last several years, and Seamus has played a critical role in growing our international business,” said David Gansberg, chief executive of the Global Mortgage Group.
“Today, nearly 40 per cent of our underwriting profit comes from non-US operations — compared to just over 10 per cent in 2017.
“International business represents a significant opportunity for the Mortgage Group at Arch, and I believe Seamus’ demonstrated leadership, combined with his analytical and business acumen, can help us achieve our goals in those markets.”
Founded in 2005, Bermuda-based, Nasdaq-listed Arch Capital Group writes insurance, reinsurance and mortgage insurance globally. It has a $30 billion market capitalisation.
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