Arch Capital Group Ltd. (NASDAQ: ACGL) has promoted Seamus Fearon to CEO of international mortgage for the Arch Global Mortgage Group.
In this role, Fearon will have responsibility for managing Arch’s Australian and European mortgage operations as well as its government-sponsored enterprise credit risk transfer (CRT) and services business. He was previously executive vice president for CRT and European markets in for Arch’s Global Mortgage Group.
Fearon replaces Beau Franklin, who will take on new executive role at Arch Capital Group Ltd.
“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, CEO of Arch’s Global Mortgage Group. “Today, nearly 40% of our underwriting profit comes from non-U.S. operations — compared to just over 10% 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.”
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