Alterra Capital Holdings Ltd has hired Daniel Gamble from Bermuda rival Arch Capital to be managing director of its US unit.

Mr Gamble has more than 15 years experience in professional liability underwriting, most recently as executive vice-president, executive assurance with Arch Insurance Group.

Alterra chief executive officer Marston (Marty) Becker said: “The addition of Dan Gamble to the Alterra USA team is an important step as we seek to build out the underwriting capability of our US insurance operations.

“Dan has a terrific reputation as an executive liability underwriter and manager, and we expect that he will successfully develop a profitable book of executive liability business in the US, to complement the insurance business that Alterra successfully underwrites in its Bermuda and Dublin platforms.”

Alterra USA CEO Doug Worman said: “Over the coming weeks, we will be working to hire additional underwriters for Dan’s executive liability team, reflecting Alterra’s continued strategic commitment to both underwriting discipline, and market diversity and expansion.”

Prior to joining Arch in 2002, Mr Gamble served as an assistant vice-president in the Financial Institutions underwriting department for Hartford Financial Products Group and as an underwriter for the Financial Institution Group at Gulf Insurance Company.

He is a Member of the Professional Liability Underwriting Society (PLUS) and has a Bachelor of Science degree in Business Management from Plymouth State University.