Market Overview

Arch Capital Group Ltd. Appoints Louis J. Paglia And Eugene S. Sunshine To Board


Arch Capital Group Ltd. (NASDAQ: ACGL) today announced that Louis J. Paglia and Eugene S. Sunshine have been appointed to the Company's Board of Directors.

Mr. Paglia founded Customer Choice LLC in April 2010, a data analytics company serving the electric utility industry. He previously served as Executive Vice President of UIL Holdings Corporation, an electric utility, contracting and energy infrastructure company. Mr. Paglia also served as UIL Holdings' Chief Financial Officer and as President of its investment subsidiaries. Prior to joining UIL Holdings, Mr. Paglia was Executive Vice President and Chief Financial Officer of, a credit evaluation software company. Prior to that, Mr. Paglia served as the Chief Financial Officer for TIG Holdings Inc. and Emisphere Technologies, Inc. He is currently a member of the boards of directors of NorthStar Realty Finance Corp. and NorthStar Asset Management Group Inc.

Mr. Sunshine is the Senior Vice President for Business and Finance at Northwestern University, the University's chief financial and administrative officer. Before joining Northwestern in 1997, he was Senior Vice President for Administration at The John Hopkins University. Prior to Johns Hopkins, Mr. Sunshine held positions as New York State Deputy Commissioner for Tax Policy and New York State Treasurer as well as Director of Energy Conservation for the New York State Energy Office. He currently is a member of the boards of directors of Chicago Board Options Exchange, Nuveen Investments, Inc. and PlattForm Advertising. He also serves as Chairman of the Board of Rubicon, an insurance affiliate of Northwestern University. Mr. Sunshine is a former member of the boards of Bloomberg L.P. and National Mentors Holdings.

Dinos Iordanou, Chairman, President and Chief Executive Officer of the Company, said, “We are extremely pleased to have both Lou and Gene join our Board of Directors. Our Company will benefit from their substantial financial and operational experience.”

Kewsong Lee, Lead Director and Chairman of the Executive and Nominating Committees, added, “We are very pleased to welcome our new directors to the Company's Board and look forward to their insight and contributions for many years to come.”

Posted-In: News Management Press Releases


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