What helped Arch Canada president gain a "unique perspective" on his role?
What helped Arch Canada president gain a “unique perspective” on his role? | Insurance Business Canada
Insurance News
What helped Arch Canada president gain a “unique perspective” on his role?
Insurance leader shares career lessons
Insurance News
By
Mika Pangilinan
Earlier this year, Jean-Pierre “JP” Galipeault was named president of Arch Insurance Canada, alongside his position as regional chief executive.
With the appointment, Galipeault (pictured) became responsible for leading the Arch Canada organization, setting strategic direction, ensuring a strong financial performance, and fostering a people-centric culture.
In a recent interview with Insurance Business TV, Galipeault shed light on his career journey, highlighting how his extensive experience in different areas of insurance helped him gain a unique perspective that’s crucial to his current role.
Galipeault has been in the business for 17 years. He began his insurance career in claims before spending some time as a broker focused on specialty programs and warranty solutions at Insurance Insight in Ontario. He joined Arch in 2013 and held several senior underwriting positions until he was named chief regional executive in 2019.
“Having done a little bit of everything gives me such a broad perspective on the industry,” he said.
Delving deeper into his role, Galipeault described Arch Canada as “a rapidly growing specialty player in the commercial P&C space,” with a portfolio that includes a traditional property and casualty business, middle market package and casualty, P&C programs, management and professional liability, surety, and warranty and vendor solutions.
“These diversified platforms served us very well,” said Galipeault. “And we’ve been able to transform really transform our business over the last four years.”
One of Arch Canada’s strengths lies in its integration with the larger Arch Insurance global platform, which enables the company to tap into expertise from other regions and bring valuable solutions to the Canadian market when required.
Galipeualt cited their recent success in leveraging global cyber capabilities to develop a cyber insurance solution that responds to the larger need for capacity.
To respond to evolving market conditions, Galipeault also emphasized the importance of keeping pace with trading partners and continuously refreshing Arch Canada’s value proposition.
“The solutions our brokers needed in 2020 and 2021 are different than the solutions they need in 2023,” he said. So, we’re being deliberate about that process, and we believe that’s how we will create value for our trading partners in 2023 and beyond.”
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