People: Arch Capital Group Ltd (ACGL.O)
ACGL.O on Nasdaq
52.28USD
24 May 2013
52.28USD
24 May 2013
Price Change (% chg)
$-0.20 (-0.38%)
$-0.20 (-0.38%)
Prev Close
$52.48
$52.48
Open
$52.33
$52.33
Day's High
$52.33
$52.33
Day's Low
$51.84
$51.84
Volume
250,639
250,639
Avg. Vol
574,000
574,000
52-wk High
$54.64
$54.64
52-wk Low
$36.80
$36.80
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Constantine Iordanou |
63 | 2009 | Chairman of the Board, President, Chief Executive Officer |
John Pasquesi |
53 | 2001 | Independent Vice Chairman of the Board |
Mark Lyons |
56 | 2012 | Chief Financial Officer, Executive Vice President, Chief Risk Officer, Treasurer |
Marc Grandisson |
45 | 2005 | Chairman, Chief Executive Officer of Arch Worldwide Reinsurance Group |
David McElroy |
54 | 2012 | Chairman and Chief Executive Officer of Arch Worldwide Insurance Group |
Michael Murphy |
59 | 2012 | President of Arch Insurance Group (U.S.) and Chief Underwriting Officer of Arch Worldwide Insurance Group |
Timothy Olson |
55 | 2009 | President and Chief Executive Officer of Arch Reinsurance Company |
Nicolas Papadopoulo |
50 | 2005 | President and Chief Executive Officer of Arch Re (Bermuda) |
Louis Petrillo |
47 | 2002 | President, General Counsel of Arch Capital Services Inc. |
John Rathgeber |
58 | 2009 | Chairman of Arch Reinsurance Company and Vice Chairman of Arch Worldwide Reinsurance Group |
W. Preston Hutchings |
56 | 2006 | Senior Vice President Chief Investment Officer; President of Arch Investment Management Ltd. |
Kewsong Lee |
47 | 2009 | Lead Independent Director |
John Vollaro |
68 | 2009 | Director |
Wolfe Bragin |
2002 | Independent Director | |
John Bunce |
54 | 2001 | Independent Director |
Eric Doppstadt |
53 | 2010 | Independent Director |
Yiorgos Lillikas |
52 | 2010 | Independent Director |
James Meenaghan |
74 | 2001 | Independent Director |
Brian Posner |
51 | 2010 | Independent Director |
Robert Works |
65 | 1999 | Independent Director |
Biographies
| Name | Description |
|---|---|
Constantine Iordanou |
Mr. Constantine P. Iordanou is Chairman of the Board, President, Chief Executive Officer of Arch Capital Group Ltd. He has been chairman of the board of ACGL since November 6, 2009 and president and chief executive officer of ACGL since August 2003. He has been a director since January 1, 2002. From January 2002 to July 2003, Mr. Iordanou was chief executive officer of Arch Capital Group (U.S.) Inc. From March 1992 through December 2001, Mr. Iordanou served in various capacities for Zurich Financial Services and its affiliates, including as senior executive vice president of group operations and business development of Zurich Financial Services, president of Zurich-American Specialties Division, chief operating officer and chief executive officer of Zurich-American and chief executive officer of Zurich North America. Prior to joining Zurich, he served as president of the commercial casualty division of the Berkshire Hathaway Group and served as senior vice president with the American Home Insurance Company, a member of the American International Group. Since 2001, Mr. Iordanou has served as a director of Verisk Analytics, Inc. (formerly known as ISO Inc.). He holds an aerospace engineering degree from New York University. |
John Pasquesi |
Mr. John M. Pasquesi is Independent Vice Chairman of the Board of Arch Capital Group Ltd., since November 2001. Mr. Pasquesi has been the managing member of Otter Capital LLC, a private equity investment firm he founded in January 2001. He holds an A.B. degree from Dartmouth College and an M.B.A. degree from Stanford Graduate School of Business. |
Mark Lyons |
Mr. Mark Donald Lyons is Chief Financial Officer, Executive Vice President, Chief Risk Officer, Treasurer of Arch Capital Group Ltd., since September 2012. He also serves as a member of the Company's Executive Strategy Committee. Prior to that, he served as chairman and chief executive officer of Arch Worldwide Insurance Group, an executive position of ACGL, and chairman and chief executive officer of Arch Insurance Group Inc. ("Arch Insurance Group") since July 2008. Prior thereto, he served as president and chief operating officer of Arch Insurance Group from June 2006. Prior to June 2006, he served as executive vice president of group operations and chief actuary of Arch Insurance Group from August 2003. From August 2002 to 2003, he was senior vice president of group operations and chief actuary of Arch Insurance Group. From 2001 until August 2002, Mr. Lyons worked as an independent consultant. From 1992 to 2001, Mr. Lyons was executive vice president of product services at Zurich U.S. From 1987 until 1992, he was a vice president and actuary at Berkshire Hathaway Insurance Group. Mr. Lyons holds a B.S. degree from Elizabethtown College. He is also an associate of the Casualty Actuarial Society and a member of the American Academy of Actuaries. Mr. Lyons is a trustee of Elizabethtown College and on the Board of Visitors for the Wake Forest University School of Business. |
Marc Grandisson |
Mr. Marc Grandisson serves as Chairman, Chief Executive Officer of Arch Worldwide Reinsurance Group, subsidiary of Arch Capital Group Ltd., since November 2005. He also serves as a member of the Company's Executive Strategy Committee. Prior to November 2005, he served as president and chief executive officer of Arch Reinsurance Ltd. ("Arch Re (Bermuda)") from February 2005. He served as president and chief operating officer of Arch Re (Bermuda) from April 2004 to February 2005 and as senior vice president, chief underwriting officer and chief actuary of Arch Re (Bermuda) from October 2001. From March 1999 until October 2001, Mr. Grandisson was employed as vice president and actuary of the reinsurance division of Berkshire Hathaway. From July 1996 until February 1999, Mr. Grandisson was employed as vice president—director of F&G Re Inc. From July 1994 until July 1996, Mr. Grandisson was employed as an actuary for F&G Re. Prior to that, Mr. Grandisson was employed as an actuarial assistant of Towers Watson. Mr. Grandisson holds an M.B.A. degree from The Wharton School of the University of Pennsylvania. He is also a Fellow of the Casualty Actuarial Society. |
David McElroy |
Mr. David H. McElroy is Chairman and Chief Executive Officer of Arch Worldwide Insurance Group., the subsidiary of Arch Capital Group Ltd., effcetive September 1, 2012. He also serves as a member of the Company's Executive Strategy Committee. He joined Arch Insurance Group in 2009 as the president of the financial and professional liability group, which is comprised of the executive assurance, professional liability, surety and healthcare lines. Prior to joining Arch Insurance Group, Mr. McElroy was a senior vice president at The Hartford Financial Services Corporation. He joined Hartford in 2000 from the acquisition of the directors and officers and errors and omissions business of Reliance National. He started his career at Chubb. Mr. McElroy is a graduate of Temple University with a B.A. degree in business administration. |
Michael Murphy |
Mr. Michael R. Murphy is President of Arch Insurance Group (U.S.) and Chief Underwriting Officer of Arch Worldwide Insurance Group, the subsidiaries of Arch Capital Group Ltd., since September 1, 2012. He also serves as a member of the Company's Executive Strategy Committee. Mr. Murphy joined Arch Insurance Group in 2002 as an executive vice president, serving in that position until 2008 when he was promoted to senior executive vice president. In 2009, he became the president of the property & casualty segment, and assumed his current position in September 2012. From 1994 to 2002, he held several senior underwriting positions at Zurich Specialties, a division of Zurich Financial Services. Prior to entering the insurance industry, he was a lawyer in private practice. Mr. Murphy has a B.A. from Colorado College, a J.D. from The University of Colorado and an M.M. from the Kellogg School of Management of Northwestern University. |
Timothy Olson |
Mr. Timothy J. Olson is President, Chief Executive Officer of Arch Reinsurance Company, subsidiary of Arch Capital Group Ltd. He has been chief executive officer of Arch Reinsurance Company ("Arch Re U.S.") since November 2009 and president of Arch Re U.S. since March 2009. From April 2004 to February 2009, he was executive vice president and chief underwriting officer of Arch Re U.S. Prior thereto, he was managing director-treaty casualty of Arch Re U.S. from November 2001 to April 2004. From August 2001 until November 2001, Mr. Olson was senior vice president of Holborn Reinsurance. Prior to that time, he held various executive level positions at St. Paul Re, including executive vice president-international since 1998. From September 1986 until April 1998, Mr. Olson was employed by F&G Re as an executive vice president. From 1996-1998 he was a member of the board of directors of Ashley Palmer, a Lloyd's Managing Agency. Mr. Olson holds a B.A. from Gustavus Adolphus College, and he is a chartered property casualty underwriter. |
Nicolas Papadopoulo |
Mr. Nicolas Papadopoulo is President and Chief Executive Officer of Arch Re (Bermuda), subsidiary of Arch Capital Group Ltd., since November 2005. He also serves as a member of the Company's Executive Strategy Committee. Prior to November 2005, he served as chief underwriting officer of Arch Re (Bermuda) from October 2004. He joined Arch Re (Bermuda) in December 2001 as a senior property underwriter. Prior to that time, he held various positions at Sorema N.A. Reinsurance Group, a U.S. subsidiary of Groupama from 1990, including executive vice president and chief underwriting officer since 1997. Prior to 1990, Mr. Papadopoulo was an insurance examiner with the Ministry of Finance, Insurance Department, in France. Mr. Papadopoulo graduated from École Polytechnique in France and École Nationale de la Statistique et de l'Administration Economique in France with a masters degree in statistics. He is also a member of the International Actuarial Association and a Fellow at the French Actuarial Society. |
Louis Petrillo |
Mr. Louis T. Petrillo is President, General Counsel of Arch Capital Services Inc., subsidiary of Arch Capital Group Ltd., since April 2002. From May 2000 to April 2002, he was senior vice president, general counsel and secretary of ACGL. From 1996 until May 2000, Mr. Petrillo was vice president and associate general counsel of ACGL's reinsurance subsidiary. Prior to that time, Mr. Petrillo practiced law at the New York firm of Willkie Farr & Gallagher LLP. He holds a B.A. degree from Tufts University and a law degree from Columbia University. |
John Rathgeber |
Mr. John F. Rathgeber is Chairman of Arch Reinsurance Company and Vice Chairman of Arch Worldwide Reinsurance Group, subsidiaries of Arch Capital Group Ltd. He has been vice chairman of Arch Worldwide Reinsurance Group, an executive position of ACGL, and chairman of Arch Re U.S. since November 2009. From March 2009 to November 2009, he was chairman and chief executive officer of Arch Re U.S. Prior thereto, he was president and chief executive officer of Arch Re U.S. from April 2004 to February 2009 and managing director and chief operating officer of Arch Re U.S. from December 2001 to March 2004. From 1998 until 2001, Mr. Rathgeber was executive vice president of the financial solutions business unit of St. Paul Re. From November 1992 until 1996, Mr. Rathgeber was employed as a vice president in the non-traditional underwriting department at F&G Re, and from 1996 until 1998, Mr. Rathgeber served as a senior vice president of non-traditional reinsurance. Prior to joining F&G Re, Mr. Rathgeber was employed by Prudential Re from 1980 until 1992. During that time, he held various underwriting positions, and from 1988 until 1992, Mr. Rathgeber was a director in the actuarial department. Mr. Rathgeber holds a B.A. from Williams College. He is also a chartered property and casualty underwriter, a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. |
W. Preston Hutchings |
Mr. W. Preston Hutchings is Senior Vice President, Chief Investment Officer of Arch Capital Group Ltd., and President of Arch Investment Management Ltd., subsidiary of Arch Capital Group Ltd. He has served as president of Arch Investment Management Ltd. since April 2006 and senior vice president and chief investment officer of ACGL since July 2005. Prior to joining ACGL, Mr. Hutchings was at RenaissanceRe Holdings Ltd. from 1998 to 2005, serving as senior vice president and chief investment officer. Previously, he was senior vice president and chief investment officer of Mid Ocean Reinsurance Company Ltd. from January 1995 until its acquisition by XL Group plc in 1998. Mr. Hutchings began his career as a fixed income trader at J.P. Morgan & Co., working for the firm in New York, London and Tokyo. He graduated in 1978 with a B.A. from Hamilton College and received in 1981 an M.A. in Jurisprudence from Oxford University, where he studied as a Rhodes Scholar. |
Kewsong Lee |
Mr. Kewsong Lee is Lead Independent Director of Arch Capital Group Ltd., since November 6, 2009. He has served as a director of ACGL since November 2001. Mr. Lee has served as a member and managing director of Warburg Pincus LLC ("Warburg Pincus") and a partner of Warburg Pincus & Co. since January 1997. He has been employed at Warburg Pincus since 1992. Prior to joining Warburg Pincus, Mr. Lee was a consultant at McKinsey & Company, Inc. from 1990 to 1992. His present service as a director includes membership on the boards of MBIA Inc., Neiman Marcus Group, Inc., ARAMARK Corporation and several privately held companies. He formerly served as a director of Knoll, Inc. and TransDigm Group Inc. He holds an A.B. degree from Harvard College and an M.B.A. degree from Harvard Business School. Mr. Lee also serves on the board of directors of Lincoln Center Theatre and is a trustee of Choate Rosemary Hall. |
John Vollaro |
Mr. John D. Vollaro is Director of Arch Capital Group Ltd. He has been a senior advisor of ACGL since April 2009 and has served as a director of ACGL since November 2009. He was executive vice president and chief financial officer of ACGL from January 2002 to March 2009 and treasurer of ACGL from May 2002 to March 2009. Prior to joining the Company, Mr. Vollaro acted as an independent consultant in the insurance industry since March 2000. Prior to March 2000, Mr. Vollaro was president and chief operating officer of W.R. Berkley Corporation from January 1996 and a director from September 1995 until March 2000. Mr. Vollaro was chief executive officer of Signet Star Holdings, Inc., a joint venture between W.R. Berkley Corporation and General Re Corporation, from July 1993 to December 1995. Mr. Vollaro served as executive vice president of W.R. Berkley Corporation from 1991 until 1993, chief financial officer and treasurer of W.R. Berkley Corporation from 1983 to 1993 and senior vice president of W.R. Berkley Corporation from 1983 to 1991. |
Wolfe Bragin |
Mr. Wolfe H. Bragin is no longer Independent Director of Arch Capital Group Ltd., effective May 9, 2013. He served as vice president of GE Asset Management from 1985 until his retirement in 2002. He also served as a managing director of GE Asset Management until 2002. Mr. Bragin had been employed by various affiliates of General Electric Company since 1974, including GE Capital (formerly known as GE Credit Corporation), specializing in equipment leasing and private investments, through 1984, and, thereafter, GE Asset Management's Private Placement Group, specializing in private equity investments. Mr. Bragin has previously served as a director of both privately-held and publicly-traded companies. He holds a B.S. degree from the University of Connecticut and an M.B.A. degree from Babson Institute of Business Administration. |
John Bunce |
Mr. John L. Bunce, Jr., is Independent Director of Arch Capital Group Ltd., since November 2001. Mr. Bunce is a managing director and founder of Greyhawk Capital Management, LLC and a senior advisor to Hellman & Friedman LLC. He joined Hellman & Friedman in 1988 and previously served as a managing director of the firm. Before joining Hellman & Friedman, Mr. Bunce was vice president of TA Associates. Previously, he was employed in the mergers & acquisitions and corporate finance departments of Lehman Brothers Kuhn Loeb. He has served as a director of Duhamel Falcon Cable Mexico, Eller Media Company, Falcon Cable TV, National Radio Partners, VoiceStream Wireless Corporation, Western Wireless Corporation, National Information Consortium, Inc. and Young & Rubicam, Inc. Mr. Bunce also was an advisor to American Capital Corporation and Post Oak Bank. He holds an A.B. degree from Stanford University and an M.B.A. degree from Harvard Business School. |
Eric Doppstadt |
Mr. Eric W. Doppstadt is Independent Director of Arch Capital Group Ltd., since November 2010. Mr. Doppstadt serves as vice president and chief investment officer of the Ford Foundation. Mr. Doppstadt has been with the Ford Foundation for over 20 years, most recently as director of private equity investments for the foundation's endowment. He joined the Ford Foundation in 1989 as resident counsel, later assuming senior positions managing the Ford's alternative investment portfolio. He has also served on the investment advisory boards of numerous private equity and venture capital funds. Mr. Doppstadt holds the Chartered Financial Analyst designation from the CFA Institute. He holds an A.B. degree from The University of Chicago and a J.D. from New York University School of Law. |
Yiorgos Lillikas |
Mr. Yiorgos Lillikas is Independent Director of Arch Capital Group Ltd., since November 2010. Mr. Lillikas is the chief executive officer of BlueTree Consultants, a corporate consulting firm he founded in 2008. From 2006 to 2007, Mr. Lillikas served as the Minister of Foreign Affairs of the Republic of Cyprus (E.U.). From 2003 to 2006, he was the Minister of Commerce, Industry and Tourism of the Republic of Cyprus. From 1996 through 2003, Mr. Lillikas served as a member of the House of Representatives of the Republic of Cyprus and a member of the Parliamentary Committees for Economic and Budget, Commerce, Foreign and European Affairs and Environment. In 2000 he was elected Vice President of the Committee of Political Affairs of the Parliamentary Assembly of the OSCE. He was founder and chief executive officer of Marketway, a strategic, advertising and public relations firm. Prior thereto, he served the Republic of Cyprus in various roles, including special advisor to the president. He holds a diploma in political sciences from the Institute of Political Sciences in the University of Lyon II, a D.E.A. (a diploma of doctorate cycle) in political sciences from the Institute of Political Science in Grenoble. |
James Meenaghan |
Mr. James J. Meenaghan is Independent Director of Arch Capital Group Ltd., since October 2001. From October 1986 until his retirement in 1992, Mr. Meenaghan was chairman, president and chief executive officer of Home Insurance Companies. He also served as president and chief executive officer of John F. Sullivan Co. from 1983 to 1986. Prior thereto, Mr. Meenaghan held various positions over 20 years with the Fireman's Fund Insurance Company, including president and chief operating officer and vice chairman of its parent company, American Express Insurance Services Inc. He holds a B.S. degree from Fordham University. |
Brian Posner |
Mr. Brian S. Posner is Independent Director of Arch Capital Group Ltd.., since November 2010. Mr. Posner has been a private investor since March 2008 and is the President of Point Rider Group LLC, a consulting and advisory services firm within the financial services industry. From 2005 to March 2008, Mr. Posner served as the chief executive officer and co-chief investment officer of ClearBridge Advisors, LLC, an asset management company and a wholly owned subsidiary of Legg Mason. Prior to that, Mr. Posner co-founded Hygrove Partners LLC, a private investment fund, in 2000 and served as the managing member for five years. He served as a portfolio manager and an analyst at Fidelity Investments from 1987 to 1996 and, from 1997 to 1999, at Warburg Pincus Asset Management/Credit Suisse Asset Management where he also served as co-chief investment officer and director of research. Mr. Posner currently serves on the boards of directors of Biogen Idec Inc. and BG Medicine, Inc., and he is a trustee of the AQR funds. He holds a B.A. from Northwestern University and an M.B.A. from the University of Chicago Booth School of Business. |
Robert Works |
Mr. Robert F. Works is Independent Director of Arch Capital Group Ltd., since June 1999. Mr. Works was a managing director of Jones Lang LaSalle (previously LaSalle Partners) until he retired on December 31, 2001. He joined Jones Lang LaSalle in 1981, where he has served in various capacities, including manager of both the Property Management and Investment Management teams of the Eastern Region of the United States. Mr. Works was also manager for the Times Square Development Advisory and Chelsea Piers Lease Advisory on behalf of New York State and the president of GCT Ventures and the Revitalization of Grand Central Terminal for the Metropolitan Transportation Authority until he retired on December 31, 2001. He holds a B.A. degree from the College of William and Mary. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Constantine Iordanou |
10,400,700 |
John Pasquesi |
-- |
Mark Lyons |
6,492,410 |
Marc Grandisson |
5,762,440 |
David McElroy |
3,261,420 |
Michael Murphy |
-- |
Timothy Olson |
-- |
Nicolas Papadopoulo |
-- |
Louis Petrillo |
870,958 |
John Rathgeber |
-- |
W. Preston Hutchings |
3,097,130 |
Kewsong Lee |
-- |
John Vollaro |
1,716,680 |
Wolfe Bragin |
-- |
John Bunce |
-- |
Eric Doppstadt |
-- |
Yiorgos Lillikas |
-- |
James Meenaghan |
-- |
Brian Posner |
-- |
Robert Works |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Constantine Iordanou |
1,745,000 | 50,447,600 |
John Pasquesi |
0 | 0 |
Mark Lyons |
80,348 | 2,284,390 |
Marc Grandisson |
245,503 | 4,207,460 |
David McElroy |
0 | 0 |
Michael Murphy |
0 | 0 |
Timothy Olson |
0 | 0 |
Nicolas Papadopoulo |
0 | 0 |
Louis Petrillo |
111,800 | 3,473,740 |
John Rathgeber |
0 | 0 |
W. Preston Hutchings |
50,000 | 1,086,350 |
Kewsong Lee |
0 | 0 |
John Vollaro |
210,000 | 6,867,985 |
Wolfe Bragin |
0 | 0 |
John Bunce |
0 | 0 |
Eric Doppstadt |
0 | 0 |
Yiorgos Lillikas |
0 | 0 |
James Meenaghan |
0 | 0 |
Brian Posner |
0 | 0 |
Robert Works |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
WORKS ROBERT F |
1,401 | $0.00 |
WORKS ROBERT F |
1,401 | $0.00 |
DOPPSTADT ERIC W |
1,401 | $0.00 |
BUNCE JOHN L JR |
1,401 | $0.00 |
MCELROY DAVID |
8,500 | $0.00 |
PETRILLO LOUIS T |
1,648 | $53.53 |
IORDANOU CONSTANTINE P |
70,930 | $0.00 |
LILLIKAS YIORGOS |
1,401 | $0.00 |
POSNER BRIAN S |
1,401 | $0.00 |
LEE KEWSONG |
1,401 | $0.00 |
GRANDISSON MARC |
17,700 | $0.00 |
HUTCHINGS W PRESTON |
12,547 | $0.00 |
LEE KEWSONG |
1,401 | $0.00 |
LYONS MARK DONALD |
12,000 | $0.00 |
MULLIGAN DEANNA |
1,401 | $0.00 |
MEENAGHAN JAMES J |
1,401 | $0.00 |
MULLIGAN DEANNA |
1,401 | $0.00 |
PASQUESI JOHN M |
1,401 | $0.00 |
BUNCE JOHN L JR |
1,401 | $0.00 |
POSNER BRIAN S |
1,401 | $0.00 |
PASQUESI JOHN M |
1,401 | $0.00 |
LILLIKAS YIORGOS |
1,401 | $0.00 |
MCELROY DAVID |
271 | $53.53 |
PETRILLO LOUIS T |
1,648 | $53.29 |
MCELROY DAVID |
475 | $53.29 |

