Arch Capital UK Appoints New CFO; Expands Offshore Energy Division.Business Editors LONDON--(BUSINESS WIRE)--Jan. 27, 2004 Arch Capital (UK) Ltd., a subsidiary of Arch Insurance Group (US), today announced two significant appointments. Graham Ward For the theologian of the same name, see . Graham Ward (born February 25, 1983 in Dublin, Ireland) is a professional footballer, currently playing for Conference North side Worcester City, where he plays as a midfielder. has been named Chief Financial Officer, effective from 19 January. Prior to joining Arch UK, Mr. Ward spent 12 years at Liberty Mutual - most recently as Finance Director. Before that, he worked in accounting practice. Mr. Ward brings a wealth of experience to Arch, notably in his dealings with the FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) . Charles Tindall has been appointed Offshore Energy Underwriter with effect from 26 January. Mr. Tindall, a former officer of the British Army The British Army is the land armed forces branch of the British Armed Forces. It came into being with unification of the governments and armed forces of England and Scotland into the United Kingdom of Great Britain in 1707. , comes to Arch from Royal & SunAlliance where he was an Energy Underwriter. Prior to that, he spent nine years as a broker at Sedgwick (later Marsh). "We are delighted to have two such experienced people join Arch. We are building a very talented team and their appointments broaden the activities of the company as we continue to grow our presence in Europe", said R T Van Gieson, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Arch Capital (UK). Arch Capital (UK) Ltd. is a subsidiary of Arch Insurance Group Inc. which is a division of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. on a worldwide basis through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Arch Insurance Group's principal insurance subsidiaries - Arch Insurance Company, Arch Specialty Insurance Company and Arch Excess & Surplus Insurance Company - are rated A- (Excellent) by A.M. Best. For more information, visit www.archinsurance.com. Cautionary Note Regarding Forward-Looking Statements 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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