Alternative Re Limited Names Gavin Collery President & COO.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Aug. 28, 2003 Alternative Re Limited, a subsidiary of Arch Capital Group Ltd., announced today that, effective September 1, 2003, Gavin P. Collery will join the company as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Mr. Collery will be based in the company's Bermuda offices. Alternative Re Limited and its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. , Alternative Insurance Company Limited, Alternative Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Services Limited and Alternative Re Holdings, all of which are also subsidiaries of Arch Capital Group Ltd., provide alternative risk financing The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. solutions to clients, including corporations, industry groups and associations through captive and rent-a-captive facilities. Alternative Re Limited, Alternative Insurance Company Limited and Alternative Re Holdings operate under a Bermuda Private Act providing legal separation of risks and financing between the participants. In addition, Alternative Underwriting Services Limited operates as a management company providing clients with set-up and management services for single-owner and group-captive activities. Prior to joining Alternative Re Limited, Mr. Collery spent eight years with Marsh Management Services providing captive, rent-a-captive and alternative risk financing solutions in their Dublin, Ireland and Bermuda offices where he held the position of vice president, client services. Cautionary Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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 (collectively, the "Company") may include forward-looking statements which reflect the Company's current views with respect to future events and financial performance. Forward-looking statements involve the Company's current assessment of risks and uncertainties, which may cause actual events and results and prospects to differ materially from those expressed or implied in these statements. Certain information regarding such risks and uncertainties is set forth in the Company's filings with the Securities and Exchange Commission. The Company undertakes 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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