Arch Reinsurance, part of Bermudian-based Arch Capital Group, has announced that Jonathan Schriber will join the company as president effective August 1.

Mr Schriber will be based in the company’s Morristown, New Jersey, office and will have responsibility for Arch’s US-based reinsurance operation’s underwriting portfolio and oversight of the entity’s overall strategy.

He joins Arch from Partner Re where he most recently served as chief underwriting officer, P&C Americas.

Arch said Mr Schriber has nearly 30 years of experience in the reinsurance industry, including senior roles at WR Berkley Corporation, Ace USA and General Reinsurance.

Peder Moeller, who had served as Arch Re’s chief executive officer, will be returning to Europe by year-end in a senior role to help advance Arch Re Europe’s strategic efforts, the company said.

“I am thrilled to welcome Jon to Arch Re. He has a wealth of industry experience and a demonstrated ability to deliver results,” said Maamoun Rajeh, chairman and CEO of Arch Worldwide Reinsurance Group.

“He is well-regarded as a leader, has excellent underwriting acumen and a keen sense for cycle management. I’m looking forward to Arch Re’s continued success under his direction.”

Mr Schriber said: “I’m honoured to take the role of president of Arch Re. I’ve always held Arch in high regard and have been very impressed with the trajectory of the company.

“I look forward to working with my new colleagues as we focus on continuing to be the first call for our clients and building on the success of the business for many years to come.”