Arch appoints new CFO

Arch Insurance International (Arch) has announced the promotion of Marie Penberthy to the position of chief financial officer (CFO), subject to regulatory approval.

As CFO, Penberthy will be responsible for the finance function, including accounting, financial planning and analysis, and reporting. Based in London, she will report to Hugh Sturgess, president and chief executive of Arch Insurance International.

Penberthy joined Arch Insurance (UK) in 2022 as a financial controller before becoming CFO of the UK operations in December 2023. Previously, she was corporate financial controller at Talbot Underwriting, and during her 22-year career has held several senior financial roles exclusively in the insurance industry.

Her appointment forms part of Arch’s succession planning strategy and follows the departure of Jason Kittinger from the role.

Commenting on the announcement, 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.”

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