Arch Insurance Group Names Joseph C. O'Donnell Executive Vice President, Executive Assurance.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced that Joseph C. O'Donnell has been promoted to Executive Vice President responsible for Arch Insurance Group's Executive Assurance Division. Mr. O'Donnell joined Arch in January of 2006 as a Senior Vice President in charge of Executive Assurance's field operations. Joe has 22 years of industry experience, all within the Executive Assurance product family. He spent 21 years with Chubb serving in increasingly responsible underwriting positions and was the head of their specialty lines field operations. Mr. O'Donnell has a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Finance from Indiana University of Pennsylvania History IUP was founded in 1875 as a normal school by investors in Indiana County. It followed the mold of the French Ecole Normale. When it opened its doors it enrolled just 225 students. . Mr. O'Donnell succeeds Tom Gamble who has left to pursue other interests. "Joe has done a great job since he has been with Arch and is a wonderful leader and smart underwriter," said Ralph Jones, Chairman and 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. , Arch Insurance Group. "I would also like to thank Tom Gamble who built our Executive Assurance Division into a sizable and very profitable operation from a standing start nearly five years ago." Mr. O'Donnell will report to Mark Lyons, President and Chief Operating Office of Arch Insurance Group. Arch Insurance Group Inc. 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. 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 and "A-" (Strong) from Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index . 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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