Arch Insurance Group Names Mark C. Vonnahme EVP Surety to Succeed Brian Schmalz Who Will Retire Year-End 2007.NEW YORK -- Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced today that Mark C. Vonnahme has joined its leadership team as the Executive Vice President responsible for its Surety business. "Mark is an experienced and proven Surety executive who will continue advancing our Surety capabilities to help clients protect their business operations,"said Mark D. Lyons- 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. of Arch Insurance Group. Mr. Vonnahme will report to Mr.Lyons. Mr. Vonnahme succeeds Brian Schmalz schmaltz also schmalz n. 1. Informal a. Excessively sentimental art or music. b. Maudlin sentimentality. 2. Liquid fat, especially chicken fat. who will retire at year-end. Mr. Schmalz, after thirty plus years of a distinguished career in the Surety business, joined Arch in 2003 and worked diligently over the past four years as he built Arch Surety into one of the top ten largest Surety operations. He served as Chairman of the Board of Directors of the Surety Association of America and has had a distinguished career in the insurance industry- leading business for Reliance Insurance Company and Kemper Insurance. "Brian Schmalz is an inspirational leader and has attracted many talented Surety professionals to Arch. I would like to thank him for his contributions to the firm and wish him well in his retirement," said Ralph E. Jones, Chairman and Chief Executive Officer of Arch Insurance Group. As Mr. Vonnahme assumes his role, he will leverage his extensive background--having served in a number of senior positions with CNA (Certified NetWare Administrator) See Novell certification. . He led CNA's Surety business unit -first serving as Chief Operating Officer, then President & Chief Executive Officer, a position he held from 1996 until 2003. A certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , Mr. Vonnahme has been a board member of various Surety organizations. He is a past Chairman of the Board of Directors of the Surety Association of America. He currently serves on the Board of the Directors of the Casualty Actuarial Society The Casualty Actuarial Society (CAS) is a professional society of actuaries. Its members are mainly involved in the property and casualty areas of the actuarial profession. . Since 2003, Mr. Vonnahme has been a member of the faculty of the University of Illinois University of Illinois may refer to:
The Morrill Act of 1862 granted each state in the United States a portion of land on which to establish a major public state university, one which could teach agriculture, mechanic arts, and military training, "without excluding other scientific . Arch Insurance Group Inc. is a member 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. For more information, visit www.archinsurance.com. |
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