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22 November 2019Insurance

Arch makes two appointments to board of directors

Bermuda-based re/insurer Arch Capital Group has appointed Moira Kilcoyne and Thomas Watjen to the company’s board of directors, effective January 1, 2020.

Kilcoyne is a 30+ year technology industry veteran with extensive financial services experience including serving as co-chief information officer (CIO) of Morgan Stanley, where she sat on the firm’s management committee. Prior to becoming CIO, she held a number of senior technology roles within Morgan Stanley. She currently serves on the boards of directors of Quilter, an asset management and custody bank, and Citrix Systems, a networking and analytics solutions company. She is also a trustee of Manhattan College.

Watjen has extensive experience in the insurance sector, having spent over 20 years at Unum Group, including 12 as president and CEO of Unum and its predecessor, The Provident Companies. He has significant board experience including his current position on the board of Prudential plc and previously held positions on the boards of SunTrust Bank and the Unum Group.

Jack Bunce, chairman of ACGL’s nominating and governance committee said: “Tom’s perspective from having been CEO of a large, publicly traded insurance company and Moira’s experience leading a global IT group for a well-known financial services company enhance the overall capabilities of our board. Their insights can only help increase our effectiveness.”

John Pasquesi, chairman of the board of directors of ACGL added: “We’re happy to be able to add two individuals of the calibre of Tom and Moira to our board of directors. They bring well-established credentials and we look forward to hearing their viewpoints and benefitting from their contributions for years to come.”

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2 December 2019   Barbican will be consolidated into Arch’s insurance and reinsurance operations.
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8 October 2019   Bermuda-based re/insurer Arch Capital Group is expecting approximately $65 to $75 million (pre-tax) losses related to 2019 third quarter catastrophic events.
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