Arch Capital Group Ltd. Names Mark Lyons Executive Vice President & Chief Financial Officer & Announces Insurance Group Promo...
25 Juillet 2012 - 10:02PM
Business Wire
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that Mark
D. Lyons will assume the position of Executive Vice President and
Chief Financial Officer of the Company, effective September 1,
2012. Mr. Lyons, who joined Arch in 2002 and currently serves as
Chairman and Chief Executive Officer of Arch Worldwide Insurance
Group, will succeed John C.R. Hele, who will be leaving the Company
to join another financial services company.
David McElroy, who joined Arch Insurance in 2009 as President of
the Financial & Professional Liability Group, will succeed Mr.
Lyons as Chairman and Chief Executive Officer of Arch Worldwide
Insurance Group. Michael R. Murphy, who joined Arch in 2002 and
currently serves as President of the Property & Casualty Group
of Arch Insurance, has been promoted to the positions of President
of Arch Insurance Group (U.S.) and the Chief Underwriting Officer
of Arch Worldwide Insurance Group.
The Company also announced the formation of an Executive
Strategy Committee to capitalize on strategic opportunities and
oversee operational expansion. The members of the Committee include
Constantine (Dinos) Iordanou, Chairman, President and Chief
Executive Officer of the Company, Messrs. Lyons, McElroy and
Murphy, Marc Grandisson, Chairman and Chief Executive Officer of
Arch Worldwide Reinsurance Group, and Nicolas Papadopoulo,
President and Chief Executive Officer of Arch Reinsurance Ltd.
Mr. Iordanou commented, “Our ability to promote from within is
another indication of the depth and strength of the management team
we have built at Arch. With Mark’s guidance, our insurance business
has continued to establish itself as a significant participant in
the worldwide insurance marketplace. I look forward to continuing
to partner with Mark in his new role in executing our long-term
business plan. We are very pleased that David and Michael will lead
our insurance operations into the future. We are also very
appreciative of John’s contributions over the past three years and
wish him the best in his new position.”
Arch Capital Group Ltd., a Bermuda-based company with
approximately $5.42 billion in capital at June 30, 2012, provides
insurance and reinsurance 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.
Arch Capital (NASDAQ:ACGL)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Arch Capital (NASDAQ:ACGL)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024