Arch Insurance Group.* ARCH INSURANCE GROUP has named three people to executive positions. BRIAN HUGHES Brian Hughes may refer to one of the following people:
One who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of such events as birth, marriage, illness, accidents, and death. . Hughes joined Arch as chief pricing actuary in October 2004. Before coming to Arch, he was senior vice president and pricing actuary for Converium. DENNIS BRAND has been named executive vice president of corporate 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. and risk management. Brand will be responsible for Arch's corporate underwriting and risk management functions, in addition to ceded 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. , which he currently manages. He joined the company as senior vice president and chief reinsurance officer in February 2004. Before joining Arch, he was senior vice president and chief risk officer at Kemper Insurance. CHARLES "BRIAN" SCHMALZ schmaltz also schmalz n. 1. Informal a. Excessively sentimental art or music. b. Maudlin sentimentality. 2. Liquid fat, especially chicken fat. has been named executive vice president. Schmalz will be responsible for the company's surety operation. Schmalz came to Arch as senior vice president, surety, in March 2003. Before that, he was president of Kemper Surety. |
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