Arch Capital Group Ltd. Appoints Moira Kilcoyne and Thomas Watjen to Board of Directors
November 21 2019 - 4:08PM
Business Wire
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that
Moira Kilcoyne and Thomas Watjen will be appointed to the Company’s
Board of Directors, effective Jan. 1, 2020.
Ms. Kilcoyne is a 30+ year technology industry veteran with
extensive financial services experience including serving as
Co-Chief Information Officer (CIO) of Morgan Stanley, where she sat
on the firm’s Management Committee. Prior to becoming CIO, Ms.
Kilcoyne held a number of senior technology roles within Morgan
Stanley. She currently serves on the boards of directors of Quilter
plc, an asset management and custody bank, and Citrix Systems, a
networking and analytics solutions company. She is also a Trustee
of Manhattan College.
Mr. Watjen has extensive experience in the insurance sector,
having spent over 20 years at Unum Group, including 12 as President
and CEO of Unum and its predecessor, The Provident Companies. He
has significant board experience including his current position on
the board of Prudential plc and previously held positions on the
boards of SunTrust Bank and the Unum Group.
Jack Bunce, Chairman of ACGL’s Nominating and Governance
Committee said, “Tom’s perspective from having been CEO of a large,
publicly traded insurance company and Moira’s experience leading a
global IT group for a well-known financial services company enhance
the overall capabilities of our board. Their insights can only help
increase our effectiveness.”
“We’re happy to be able to add two individuals of the caliber of
Tom and Moira to our Board of Directors,” said John Pasquesi,
Chairman of the Board of Directors of ACGL. “They bring
well-established credentials and we look forward to hearing their
viewpoints and benefitting from their contributions for years to
come.”
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a Bermuda-based company with
approximately $12.89 billion in capital at Sept. 30, 2019, provides
insurance, reinsurance and mortgage insurance on a worldwide basis
through its wholly owned subsidiaries.
Cautionary Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. This release or any
other written or oral statements made by or on behalf of Arch
Capital Group Ltd. and its subsidiaries may include forward-looking
statements, which reflect our current views with respect to future
events and financial performance. All statements other than
statements of historical fact included in or incorporated by
reference in this release are forward-looking statements.
Forward-looking statements can generally be identified by the
use of forward-looking terminology such as "may," "will," "expect,"
"intend," "estimate," "anticipate," "believe" or "continue" or
their negative or variations or similar terminology.
Forward-looking statements involve our current assessment of risks
and uncertainties. Actual events and results may differ materially
from those expressed or implied in these statements. A
non-exclusive list of the important factors that could cause actual
results to differ materially from those in such forward-looking
statements includes the following: adverse general economic and
market conditions; increased competition; pricing and policy term
trends; fluctuations in the actions of rating agencies and our
ability to maintain and improve our ratings; investment
performance; the loss of key personnel; the adequacy of our loss
reserves, severity and/or frequency of losses, greater than
expected loss ratios and adverse development on claim and/or claim
expense liabilities; greater frequency or severity of unpredictable
natural and man-made catastrophic events; the impact of acts of
terrorism and acts of war; changes in regulations and/or tax laws
in the United States or elsewhere; our ability to successfully
integrate, establish and maintain operating procedures as well as
integrate the businesses we have acquired or may acquire into the
existing operations; changes in accounting principles or policies;
material differences between actual and expected assessments for
guaranty funds and mandatory pooling arrangements; availability and
cost to us of reinsurance to manage our gross and net exposures;
the failure of others to meet their obligations to us; and other
factors identified in our filings with the U.S. Securities and
Exchange Commission.
The foregoing review of important factors should not be
construed as exhaustive and should be read in conjunction with
other cautionary statements that are included herein or elsewhere.
All subsequent written and oral forward-looking statements
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these cautionary statements. We
undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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Arch Capital Group Ltd. François Morin (441) 278-9250
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