Arch Capital Group Ltd. Names François Morin Executive Vice President and Chief Financial Officer
May 14 2018 - 4:30PM
Business Wire
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced François
Morin will assume the role of Executive Vice President and Chief
Financial Officer of the Company effective May 25, 2018. He will
report to Marc Grandisson, President and Chief Executive Officer of
ACGL. Mr. Morin will replace outgoing Chief Financial Officer Mark
Lyons, who is leaving Arch to become Senior Vice President and
Chief Actuary, General Insurance at AIG in New York.
Mr. Morin joined the Company in 2011 and currently serves as
Senior Vice President, Chief Risk Officer and Chief Actuary of
ACGL. Prior to joining Arch, Mr. Morin served in various roles for
Towers Watson & Co. and its predecessor firm Towers, Perrin,
Forster & Crosby, including its actuarial division,
Tillinghast, where he led the firm’s engagement with ACGL.
Mr. Grandisson said, “Anyone who has followed our Company knows
one of Arch’s strengths is its deep pool of talent. François’
extensive experience leading Arch’s actuarial and enterprise risk
management practices gives him valuable perspective into all
financial and capital aspects of our Company.”
Mr. Morin said, “Arch has consistently delivered on its core
strategy of being a leader in specialty lines. I look forward to
working with Marc and the executive leadership team as we strive to
continue to deliver superior returns over the long term, consistent
with the record of financial performance we have demonstrated since
our founding.”
Grandisson continued, “Mark and I have worked together since the
early days of Arch in 2002. In addition to the significant
contributions he has made to our performance over the years, he has
been a great colleague and friend. We wish him all the best.”
Mr. Morin has nearly 30 years of experience in the insurance
industry. He holds a bachelor’s degree in Actuarial Science from
Université Laval in Canada and is a fellow of the Casualty
Actuarial Society, a Chartered Financial Analyst and a member of
the American Academy of Actuaries. Mr. Morin’s promotion is subject
to applicable local regulatory approvals.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a Bermuda-based company with
approximately $11.26 billion in capital at March 31, 2018, 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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version on businesswire.com: https://www.businesswire.com/news/home/20180514006333/en/
Arch Capital Services Inc.Don Watson, 914-872-3616
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