Jerome Halgan has been appointed chief executive officer of Arch Reinsurance Ltd in Bermuda as part of a management shake-up by parent company Arch Capital Group.

Mr Halgan has been promoted from within and will move from his current role as CEO of Arch Reinsurance Company in the US.

Other changes at Arch Re will see Matt Dragonetti, head of property, taking on the additional role of president and Michelle Seymour-Smith taking the role of chief operating officer while keeping her responsibilities as chief financial officer.

Pierre Jal, the chief underwriting officer of Arch’s European reinsurance operations, will relocate to Bermuda to join Arch Re as the global chief underwriting officer.

In Arch’s US reinsurance operation, Ken Vivian has been promoted to the newly created role of CEO of Arch Re North America.

Mr Vivian will maintain his current role as CEO of Arch Re Facultative Underwriters, but also assume the CEO role with Arch Reinsurance Company, while Peder Moller returns to to serve as chief underwriting officer.

The proposed changes are subject to all necessary regulatory approvals.

Maamoun Rajeh, chairman and CEO of Arch Worldwide Reinsurance Group, said: “We at Arch could not be more thrilled that these promotions are internal. We are fortunate to have such depth of talent within our team.

“We will begin to implement these changes early next year as we maintain our focus on the upcoming renewal season in the fourth quarter.”