Dean O'Hare Joins DFA Capital Management Board; Former Chairman and CEO of the Chubb Corporation Has Been Named to DFA's Board of Directors.PURCHASE, N.Y. -- DFA DFA - Deterministic Finite-state Automaton. See Finite State Machine. Capital Management Inc. today announced that Dean O'Hare, former 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. of the Chubb Corporation, has been elected to its Board of Directors. Markus Rohrbasser, Chairman and President of DFA Capital Management Inc., said, "We are delighted to have Dean join us in an advisory role during this critical stage of our growth. His vast experience, successful track record, and network of influential contacts in the insurance industry will help us to further develop our sales and marketing capabilities going forward. "Dean has first-hand knowledge of what tools are important for an insurance company to be more competitive in today's ever-changing marketplace. His guidance will be invaluable as we explore strategies to grow our business in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe." "In insurance companies, there is an exponential relationship between the completeness of risk management capabilities and the level of business value derived. DFA Capital Management has the most comprehensive, powerful and scalable Enterprise Risk Management offering in the industry today. Based on my experience, I am convinced that insurance companies can reap significant benefits from using ADVISE(TM)," said Mr. O'Hare. "I am looking forward to working with this exceptionally strong team; they have abundant and extremely valuable subject matter expertise." About Mr. O'Hare Dean R. O'Hare retired in December 2002 from his position as Chairman and Chief Executive Officer of The Chubb Corporation, based in Warren, New Jersey. He first joined Chubb as an underwriting trainee and was later named an officer of the corporation, then Chief Financial Officer, and finally President in 1986. He is a leading voice on international trade issues and serves as Chairman of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Council on International Business and is Chairman of the New Jersey Partnership. Mr. O'Hare served as a member of the President's Trade Advisory Committee, Chairman of the U.S. Coalition of Service Industries, Chairman of the U.S. India Business Council, Director and Chairman of the American Insurance Association, and as a financial governor of the World Economic Forum (DAVOS). Mr. O'Hare is a director and Chairman of the Audit Committee of the Fluor Corporation and is a Director of HJ Heinz. Mr. O'Hare is involved in many philanthropic organizations and serves as Co-Chairman of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. at the Hospital for Special Surgery in 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 , is a trustee of St. Benedict's St. Benedict’s cross charm against disease and danger. [Christian Iconog.: Jobes, 386] See : Protection Preparatory School in Newark, is a fellow of the New York Academy of Medicine The New York Academy of Medicine was founded in 1847 by a group of leading New York City metropolitan area physicians as a voice for the medical profession in medical practice and public health reform. , is a trustee of the Intrepid Museum, and is a trustee of the University of Dublin Unlike the universities of Oxford and of Cambridge, after which the University of Dublin was modelled and both of which comprise several constituent colleges, there is just one Dublin college: Trinity College. . About DFA Capital Management Inc. DFA Capital Management Inc. is the first company to deliver the long-promised benefits of dynamic financial analysis to the insurance industry through a comprehensive and coherent product offering. The company's ADVISE ERM (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. platform can provide a thorough, detailed, and fully integrated financial model of the entire insurance company. Previously only marketed to professional advisors to the property and casualty industry, it is now available to all insurers and reinsurers interested in optimizing their financial decision-making. About ADVISE Designed from the ground up as an ERM platform, ADVISE has provided tactical and strategic business advantage to insurance institutions in the U.S. and Europe since 2002. An Advanced Decision and Value Simulation Engine, ADVISE provides a degree of detail and flexibility that allows managers to use their own, realistic, assumptions about the world, leading to confidence in the model and its use as a true decision-support system. As a result of DFA Capital Management Inc.'s focused expertise, ADVISE enables their clients to get closer to fully integrated ERM than any other alternative. According to a well known industry analyst, the proven benefits of integrated ERM are: --Alignment of the strategic aspects of risk with day-to-day operational activities --Facilitation of more transparency for investors and regulators --Enhancement of revenue and earnings growth --Control of downside risk Downside Risk An estimation of a security's potential to suffer a decline in price if the market conditions turn bad. Notes: You can think of this as an estimate of the amount that you could lose on a stock or other investment. potential |
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