People: Max Capital Group Ltd. (MXGL.O)

MXGL.O on Nasdaq

22.03USD
10:27am EST
Price Change (% chg)

$-0.38 (-1.70%)
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$22.41
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$21.74
Volume
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$23.69
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Summary

Name Age Since Current Position
Becker, W. Marston 57 2006 Chairman of the Board, Chief Executive Officer
Roberts, Joseph 39 2007 Chief Financial Officer, Executive Vice President
Guagliano, Angelo 55 2007 President, Chief Executive Officer and Director of Max Bermuda
Vaccaro, Stephen 61 2007 Chief Executive Officer and Director of Max Specialty Services
Mullan, Adam 2009 Chief Executive Officer of Max at Lloyd's Ltd.,
Kalainoff, David 2009 President of Reinsurance Operations
Caputo, Carlos 2009 Chief Executive Officer of Max’s Latin American business
Minton, Peter 51 2007 Chief Operating Officer, Executive Vice President, Director
Bourdages, Sarene 38 2007 Executive Vice President, General Counsel, Corporate Secretary
Werle, Kevin 46 2008 Executive Vice President, Chief Risk Officer of MCS USA
Bernstein, Susan 42 2009 Senior Vice President - Investor Relations of MCS
Petzold, Matthew 57 2008 Underwriting Director of Max at Lloyd’s
Galvis, Sonia 2009 Chief Underwriting Officer
Monk, Joseph 2010 Global Chief Actuary
King, Willis 65 1999 Director
Skala, Steven 53 2000 Director
Torsiello, Mario 53 2000 Director
Zech, James 52 1999 Director
Connell, K. Bruce 56 2007 Director
Kronenberg, William 57 2006 Director
Cheesbrough, Gordon 56 2007 Director
MacNaughton, James 59 2008 Director
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Biographies

Name Description
Becker, W. Marston W. Marston Becker has been the Chairman of the Board, Chief Executive Officer of Max Capital Group Ltd. since October 2006, Chairman of Max Bermuda since October 2006 and a director of Max Capital and Max Bermuda since April 2004. Mr. Becker has served as a director of Max USA since November 2006, a director of Max Europe, Max Diversified and Max Managers since March 2007, and a director of Max UK, Max at Lloyd’s and Danre Singapore since November 2008. Mr. Becker has also served as President of Max Managers since November 2008, President and Chairman of Max Diversified since November 2008, and President, CEO and Chairman of Max USA since April 2007. From October 2006 through June 2007, Mr. Becker served as Chief Executive Officer of Max Bermuda. From 2002 until 2008, Mr. Becker was Chairman and Chief Executive Officer of the run-off for LaSalle Holdings Re Limited, a Bermuda reinsurance company. From 2002 to 2005, Mr. Becker led the restructuring and wind-down of Trenwick Group, Ltd., a Bermuda insurance company, as its Chairman and Chief Executive Officer. From 1996 to 1999, Mr. Becker was Chairman and Chief Executive Officer of Orion Capital Corporation until its sale in 1999 to Royal & SunAlliance, where he then served as Vice Chairman and a director of Royal & SunAlliance USA until 2000. Mr. Becker was President and Chief Executive Officer of an Orion Capital subsidiary from 1994 to 1996. From 2001 to 2004, Mr. Becker was non-executive Chairman of Hales & Company, a boutique insurance industry investment bank and private equity investor. Mr. Becker is Chairman and General Partner of West Virginia Media Holdings, which he co-founded in 2001. He is a director of Brickstreet Mutual Insurance Company and Selective Insurance Group, Inc. (Nasdaq: SIGI). He is also an Advisory Board member of the Conning Funds. Mr. Becker is licensed as a Certified Public Accountant and an admitted attorney in West Virginia.
Roberts, Joseph Joseph W. Roberts is Chief Financial Officer, Executive Vice President of Max Capital Group Ltd. He joined Max Capital and Max Bermuda in May 2002 as Vice President and Controller and since April 1, 2007 has been Executive Vice President and Chief Financial Officer of Max Capital. Mr. Roberts has also serves as a director of Max Europe Holdings, Max Re Europe and Max Insurance Europe since June 2007 and was appointed President of Grand Central Re in April 2007. Prior to joining Max Capital, he was a vice president for Overseas Partners Re Ltd. From 1994 to 2001, Mr. Roberts worked with KPMG, most recently as a senior manager, where he specialized in providing assurance-based services to the financial services sector. From 1987 to 1994, Mr. Roberts worked in public accounting in London, primarily with Moore Stephens. He is a member of the Institute of Chartered Accountants in England and Wales.
Guagliano, Angelo Angelo M. Guagliano, has been President and Chief Executive Officer and a director of Max Bermuda since June 2007, a director of Max Europe Holdings, Max Re Europe and Max Insurance Europe since June 2007 and President of MIEL and MREL since November 2008. Mr. Guagliano joined Max Bermuda in January 2003 as Managing Director and Chief Underwriting Officer Bermuda Insurance Operations. From March 2005 through June 2007, he held the position of President of the Insurance Division and Chief Underwriting Officer. From January 1995 to December 2002, Mr. Guagliano held various management positions at XL Insurance (Bermuda) Ltd., including Executive Vice President, Country Manager and Chief Excess Liability Underwriter and Manager. From 1988 to 1995, Mr. Guagliano worked for Reliance National in New York in their E&S Primary Unit. From 1981 to 1988, Mr. Guagliano worked as a Casualty Facultative Underwriter for Prudential Reinsurance Corporation and as an Excess Liability Underwriter for the Royal Insurance Company. Mr. Guagliano began his underwriting career with Harford Insurance Company in 1979.
Vaccaro, Stephen Stephen J. Vaccaro, Jr., has served as Chief Executive Officer and a Director of Max Specialty since April 2007, Executive Vice President and a director of Max USA since May 2007 and December 2006, respectively, Chief Executive Officer and a director of Max California since April 2007 and Chief Executive Officer, President and a director of Max Specialty Services since May 2007. From December 2006 through April 2007, Mr. Vaccaro served as Chief Executive Officer of Max USA. Prior to joining Max USA, Mr. Vaccaro was President of the Specialty Underwriting Division of American Wholesale Insurance Group, where he was responsible for program operations and underwriting facilities. From 1995 to 2004, Mr. Vaccaro was President and Chief Operating Officer of the Essex Insurance Company, a subsidiary of the Markel Corporation, an international property and casualty holding company. Mr. Vaccaro started his career in 1970 in New York with Chubb and Son and has held various management positions over the years with AIG, Home Insurance Company and Industrial Indemnity Insurance.
Mullan, Adam Mr. Adam Mullan is Chief Executive Officer of Max at Lloyd's Ltd., of Max Capital Group Ltd. Mr. Mullan has been with Max since 2000, most recently serving as Managing Director of Max Re Europe and Executive Vice President and Group Chief Underwriting Officer for Property and Specialty Reinsurance. From 1997 to 2000, Adam was Director/Underwriting Manager of ACE European Markets Insurance Limited and ACE European Reinsurance Limited. Between 1992 and 1997, he served as Vice President of Marsh & McLennan Inc., and from 1987 to 1992 he was an Associate Director at Carpenter Bowring (London). Adam received his Bachelor in Business Studies (Hons.) from Trinity College, The University of Dublin.
Kalainoff, David Mr. David Kalainoff has been appointed as President of Reinsurance Operations of Max Capital Group Ltd. Mr. Kalainoff joined Max in 2003, most recently serving as Managing Director Reinsurance and Executive Vice President and Chief Underwriting Officer, Casualty Reinsurance of Max Bermuda. David has 30 years of casualty underwriting experience, most recently with Transatlantic Reinsurance Company in New York, where he served as Senior Vice President of Specialty Casualty. Prior to joining Transatlantic in 1996, he held management positions at Fireman's Fund Insurance Company and Continental Insurance Company. David holds a Bachelor of Science degree in Business Education from Arizona State University and an M.B.A. from DePaul University.
Caputo, Carlos Mr. Carlos Caputo has been appointed as Chief Executive Officer of Max’s Latin American business. Carlos Caputo has 36 years of underwriting and management experience in Latin America and, in particular, Brazil. Most recently he served as Regional Director and Operating Officer for XL Re Latin America Ltd. Carlos was previously deputy chairman of Aon Group Ltd. Brazil and has held senior management positions with Alexander & Alexander Brazil and Cisema. Carlos graduated from the program for Business Development at Harvard Business School and from Belgrano University in Argentina with a degree in Economic Sciences.
Minton, Peter Peter A. Minton is Chief Operating Officer, Executive Vice President, Director of Max Capital Group Ltd. He has served as a Director of Max Capital and Max Bermuda since July 2004 and as Executive Vice President and Chief Operating Officer of Max Capital since October 2006.Mr. Minton joined Max Capital and Max Bermuda in April 2000 as Senior Vice President and Chief Risk Officer. He was promoted to Executive Vice President in February 2001 and served as Chief Risk Officer until February 2007. Mr. Minton has served as a director of Max Diversified since October 2001; a director of Max Europe Holdings, Max Re Europe, Max Insurance Europe, Max Managers, Max USA and Grand Central Re Limited, which the Company refer to as Grand Central Re, since 2006; a director of Max Specialty, Max Specialty Services, Max California, Max Managers USA, MCS Ireland, MCS BDA and MCS USA since 2007, and a director of Max America, Max UK, Max at Lloyd’s, the Max Corporate Capital Vehicles and Danish Re since their acquisitions in 2008. Mr. Minton has also served as Executive Vice President and Treasurer of Max USA since 2006. From 1999 to 2000, Mr. Minton was Managing Director and Head of Fixed Income Research for Scudder Kemper Investments. From 1996 to 1999, Mr. Minton was a Senior Vice President of Investments at General Reinsurance Company. From 1991 to 1996, Mr. Minton held the position of Principal and Head of Fixed Income Strategy at Morgan Stanley & Co. Incorporated. From 1984 to 1991, Mr. Minton was Vice President and Portfolio Manager at CMB Investment Counselors. Prior to joining CMB Investment Counselors, Mr. Minton was a tax planner in the Tax Department of Ernst & Whinney between 1981 and 1984.
Bourdages, Sarene Sarene A. Bourdages, joined Max Capital and Max Bermuda in November 2002 as Vice President and Counsel and currently serves as Executive Vice President and General Counsel of Max Capital. Ms. Bourdages has served as corporate secretary of Max USA since November 2006, Max Capital and Max Bermuda since February 2007, Max Managers and Max Diversified since March 2007, MCS BDA and MCS USA since December 2007 and Max UK since November 2008. From 1999 to 2002, Ms. Bourdages was an associate at Akin Gump Strauss Hauer & Feld LLP in New York. From 1996 to 1999, she worked in international tax consulting at KPMG LLP. She is a member of the New York Bar.
Werle, Kevin Kevin C. Werle has joined MCS USA in 2008 and serves as Executive Vice President and Chief Risk Officer. Mr. Werle was previously Vice President responsible for risk management, information technology, and quantitative research for New England Asset Management, Inc. (NEAM), a unit of Berkshire Hathaway’s General Reinsurance Corporation. Before joining the Berkshire Hathaway organization in 1998, Mr. Werle was Managing Director and Chief Operating Officer of Hartford Investment Management Company (HIMCO) and its affiliate, Hartford Investor Services, Inc. (HIS). He previously served as Vice President and Director, Investment Systems, at Hartford Financial Services Group; as a Senior Manager, Financial Services, at Andersen Consulting; and, early in his career, as a Systems Analyst/Programmer at CIGNA Investments. Mr. Werle is a Chartered Financial Analyst and received a Bachelor of Science Degree in Applied Mathematics from the University of Connecticut
Bernstein, Susan Ms. Susan Spivak Bernstein joined MCS USA in January 2009 and serves as Senior Vice President for Investor Relations. Ms. Spivak Bernstein previously held the position of Senior Equity Research Analyst at Wachovia Securities, a company she joined in 2002. Before joining Wachovia, Ms. Spivak Bernstein was Senior Non-life Insurance Equities Research Analyst with ABN AMRO. She previously served as Vice President, Equities Research Analyst with Donaldson, Lufkin & Jenrette and as Equities Research Associate with First Boston Corporation. Ms. Spivak Bernstein has been providing Bermuda insurance market research to investors since the early 1990s and has over twenty years of experience covering property and casualty insurance and reinsurance companies working as a sell-side equity research analyst. Ms. Spivak Bernstein is a 1988 Graduate of the University of Michigan. She is an officer and past president of the Association of Insurance and Financial Analysts.
Petzold, Matthew Matthew Petzold joined Max Capital in November 2008 and serves as Underwriting Director of Max at Lloyd’s. Mr. Petzold also serves as a director of Max at Lloyd’s, Max UK Underwriting, Max Denmark, Danish Re and Danre Singapore. Mr. Petzold has served as Active Underwriter with Lloyd’s Syndicate 1400 since its formation in 1999 and as Underwriting Director at Danish Re from July 1999 through April 2005. From 2006 until its acquisition by Max in 2008, he was Underwriting Director at Imagine Syndicate Management Limited. Prior to entering Lloyd’s, Mr. Petzold served as an underwriter with Copenhagen Re UK from 1975 to 1988 including an appointment as Managing Director in 1996. Mr. Petzold is an Associate of the Chartered Insurance Institute and has a Degree in Computing Science from the University of Essex.
Galvis, Sonia Ms. Sonia Galvis has been appointed as Chief Underwriting Officer of Max Capital Group Ltd. Sonia Galvis has 30 years of insurance and reinsurance underwriting and management experience, most recently as the Regional Director and Underwriting Officer of the Northern Region for XL Re Latin America Ltd. Previously, Sonia served as CEO of Seguros Alfa and Seguros de Vida Alpha. She has also held various senior management positions at Seguros Colmena Colombia, now Liberty Colombia. Sonia graduated with a J.D. in insurance law from the Universidad Javeriana Bogota, Colombia, and also received an Executive MBA from Inalde, sponsored by the Harvard Business School.
Monk, Joseph Mr. Joseph Monk has been appointed as Global Chief Actuary of Max Capital Group Ltd. Joe Monk comes to Max from Lane Clark & Peacock LLP (LCP), where he was head of insurance consulting. Joe joined LCP in 1995 after graduating from Cambridge University with a Master of Arts degree in Economics. He has a wealth of experience in reserving, capital modelling and pricing. Joe is a Fellow of the UK’s Institute of Actuaries and a Fellow of the Society of Actuaries in Ireland.
King, Willis Willis T. King, Jr., has served as a Director of Max Capital Group Ltd. since September 1999 and was a director of Max Bermuda from September 1999 until May 2007. In August 2008, Mr. King was appointed Chairman of the Board of ACA Financial Guaranty Corporation. Mr. King is also Chairman of First Protective Insurance Company, Lake Mary, Florida, a position he has held since March 1998. From June 1999 to November 2001, Mr. King was Chairman of the Board and Chief Executive Officer of Highlands Insurance Group. From 1997 to June 1999, Mr. King was a Vice Chairman of Guy Carpenter & Co. From 1984 to 1997, Mr. King held various positions at Willcox, Inc., including Chairman and Chief Executive Officer. From 1987 to 1997, Mr. King was a director of Johnson & Higgins, which was subsequently merged into Marsh & McLennan. Mr. King is a member of the Advisory Council, School of Public Health, The University of North Carolina, Chapel Hill.
Skala, Steven Steven M. Skala, has served as a director of Max Capital since May 2000 and was a director of Max Bermuda from May 2000 to May 2007. Mr. Skala is Vice Chairman, Australia and New Zealand, of Deutsche Bank, AG, a position he has held since September 2004. Mr. Skala was a solicitor and a partner of Arnold Bloch Leibler, Melbourne, Australia from 1985 to 2004, and was a solicitor and partner of Morris Fletcher & Cross, Brisbane, Australia from 1982 to 1985. Mr. Skala is a non-executive director and former Chairman of Hexima Limited and serves as a non-executive director of Deutsche Australia Limited, Wilson HTM Investment Group Limited, the Australian Broadcasting Corporation, the Centre for Independent Studies, and the Australian Ballet. He is the immediate past Chairman of Film Australia Limited (which merged to form Screen Australia Limited in July 2008) and the Australian Centre for Contemporary Art. He is a Member of the International Council of the Museum of Modern Art (New York), The Global Foundation and the Advisory Council of the Australian Innovation Research Centre, and is Vice President of The Walter & Eliza Hall Institute for Medical Research.
Torsiello, Mario Mario P. Torsiello, has served as a director of Max Capital since March 2000 and was a director of Max Bermuda from March 2000 to May 2007. Since November 2001, Mr. Torsiello has been President and Chief Executive Officer of Torsiello Capital Advisors Inc. and Torsiello Securities, Inc. (and their predecessor companies), advisory and investment banking firms specializing in insurance, asset management and other financial services. From September 2000 to November 2001, Mr. Torsiello served as Managing Director and Head of North American Insurance Practice of Dresdner Kleinwort Wasserstein, Inc. (formerly known as Wasserstein Perella & Co. Inc.). From December 1999 to September 2000, Mr. Torsiello served as President and a director of INDC Group Inc., a California-based insurance company formed to offer a broad line of consumer orientated insurance products through the Internet. From 1987 to 1999, Mr. Torsiello was an investment banker at Salomon Smith Barney Inc., having served as Managing Director from 1995 and Co-Head of the Insurance Group from 1997 to 1999. Mr. Torsiello also served as a member of the firm’s Capital Commitments Committee from 1995 to 1999. Prior to joining Salomon Smith Barney, Mr. Torsiello was a Senior Manager in KPMG’s New York insurance accounting and audit services unit. Mr. Torsiello is a member of the Board of Advisors of the Fordham College of Business Administration, a member of the Executive Committee of the President’s Council of Fordham University and a member of the Board of Trustees of the New York School for the Deaf. Mr. Torsiello is a registered securities principal with Financial Industry Regulatory Authority and the SEC, and is licensed as a certified public accountant in the State of New York.
Zech, James James L. Zech, has served as a Director of Max Capital Group Ltd. since December 1999 and was a director of Max Bermuda from December 1999 to May 2007. He has been a principal and the President and Investment Manager of High Ridge Capital, L.L.C., which we refer to as High Ridge, since its formation in 1995. In 2005 he became a partner in Northaven Management, Inc., a private investment firm focused on the financial services industry and in March 2009 was appointed President and Chief Executive Officer of Kinloch Holdings, Inc. From 1992 to 1995, Mr. Zech was an investment banker at S.G. Warburg & Co., Inc., where he was responsible for forming the U.S. Insurance Group as part of Warburg’s worldwide financial institutions practice. From 1988 to 1992, Mr. Zech was a member of the Insurance Investment Banking Group of Donaldson, Lufkin & Jenrette Securities Corporation.
Connell, K. Bruce K. Bruce Connell, has served as a director of Max Capital since February 2007. Mr. Connell retired in 2002 after spending 12 years with XL. During his tenure with XL, Mr. Connell served as Executive Vice President and Group Underwriting Officer of XL Capital Ltd., Chief Executive Officer of XL Financial Products and Services Ltd., Executive Vice President and Chief Underwriting Officer of XL Re Ltd. (Bermuda) and Chief Underwriting Officer of XL Europe Ltd. Prior to his tenure at XL Capital, and beginning in 1974, Mr. Connell served in various underwriting positions at Royal Assurance Zurich, General Re and Trenwick. Mr. Connell holds a B.A. from the University of South Florida and an MBA (Finance) from Georgia State University.
Kronenberg, William William Kronenberg III, has served as a Director of Max Capital Group Ltd. since September 2006 and was a director of Max Bermuda from September 2006 until May 2007. Since 2002, Mr. Kronenberg has been a principal of Marsh Creek Corporate Services, a professional services company. From 2004 until its acquisition by the Glatfelter Insurance Group in 2008, Mr. Kronenberg was the Chief Executive Officer and principal owner of Professional Underwriters, a program administrator specializing in insurance for the public entity market segment. From 1999 to 2002, Mr. Kronenberg was Chief Executive Officer of XL Environmental, Inc. (formerly ECS), an XL Capital Ltd. (NYSE: XL) company, or XL, which provides global insurance, reinsurance and financial risk services, and a director of XL America, Inc. From 1985 until its acquisition in 1999 by XL Capital, Mr. Kronenberg was owner, Chief Executive Officer and President of ECS, Inc., a company specializing in integrated environmental risk management solutions. Mr. Kronenberg also established ECS International, a London-based subsidiary and first environmental insurance underwriter in Europe. From 1975 to 1985, Mr. Kronenberg held several casualty-oriented underwriting positions with American International Group, concluding as the officer in charge of American International Group’s program unit. Mr. Kronenberg also serves on the board of directors of each of the John Lazarich Foundation and the Stroud Water Research Center, both non-profit organizations. Mr. Kronenberg holds the designations of Certified Property and Casualty Underwriter (CPCU) and Certified Insurance Counselor (CIC).
Cheesbrough, Gordon Gordon F. Cheesbrough, has served as a director of Max Capital since May 2007. Mr. Cheesbrough is the managing partner of Blair Franklin Capital Partners, Inc., an independent financial advisory firm that he co-founded in 2003. Mr. Cheesbrough also serves as Chairman of the Board of Governors of North York General Hospital. From 1998 to 2002, Mr. Cheesbrough was President and Chief Executive Officer of Altamira Investment Services Inc. and served on the board of directors of the Canadian Tire Corporation from 1998 through 2007. From 1974 to 1998, Mr. Cheesbrough held several positions with McLeod Young Weir and its successors, Scotia McLeod and Scotia Capital Markets, including Chairman and Chief Executive Officer from 1993 to 1998.
MacNaughton, James James H. MacNaughton is Director of Max Capital Group Ltd. since May 2008. Mr. MacNaughton retired from Rothschild Inc. in March 2008 where he was a Senior Advisor. He was a Managing Director and Global Partner of Rothschild from 2001 to 2007. From 1979 through 2000, he was at Salomon Brothers Inc. where he held a variety of positions including, for most of that time, Managing Director in Investment Banking. Mr. MacNaughton began his business career in 1973 at Republic National Bank of Dallas as Vice President and Commercial Lending Officer. He has served as a member of the Deutsche Asset Management (Deutsche Bank) International Insurance Advisory Council since 2006 and is a member of the Board of Directors of the Interboro Insurance Company. Mr. MacNaughton was admitted as a certified public accountant (Texas 1977), has been a director of Primus Guaranty, Ltd. since July 2008 and is a member of the International Insurance Society and the Board of Public Television Channel WLIW 21 serving New York City and Long Island, New York.

Insider Trading

Name Shares Traded Price
VACCARO STEPHEN J JR 32,569 $23.10
MINTON PETER A 70,000 $15.00
MINTON PETER A 46,950 $22.36
CHEESBROUGH GORDON F 4,000 $0.00
KRONENBERG WILLIAM III 4,000 $0.00
SKALA STEVEN M 4,000 $0.00
MACNAUGHTON JAMES H 4,000 $0.00
KING WILLIS T JR 4,000 $0.00
CONNELL K BRUCE 4,000 $0.00
ZECH JAMES L 4,000 $0.00
TORSIELLO MARIO P 4,000 $0.00
BECKER W MARSTON 15,000 $20.50
GUAGLIANO ANGELO 26,525 $21.00
GUAGLIANO ANGELO 26,525 $11.50
MOORE HOLDINGS L L C 220,000 $15.00
MOORE HOLDINGS L L C 1,986,134 $15.00
BACON LOUIS MOORE 220,000 $15.00
BACON LOUIS MOORE 1,493,783 $19.94
MOORE HOLDINGS L L C 1,493,783 $19.94
MOORE HOLDINGS L L C 165,463 $19.94
BACON LOUIS MOORE 165,463 $19.94
BACON LOUIS MOORE 1,986,134 $15.00
BOURDAGES SARENE ANNE 3,000 $20.00
BOURDAGES SARENE ANNE 3,000 $19.00
ROBERTS JOSEPH WILLIAM 3,000 $18.67
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