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Arch Capital adds Dan J. Houston and Neal Triplett to its Board of Directors

Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has added Daniel “Dan” J. Houston and Neal Triplett to its Board of Directors, effective immediately.

John Pasquesi, Chair of the ACGL Board of Directors, commented, “The Board of Directors regularly assesses the composition of our Board and identifies opportunities to broaden our talent and perspectives.

“Dan and Neal both boast impressive track records and relevant experience that the Company believes will enhance the Board’s overall experience and capabilities.”

Houston is an industry veteran, having served at Principal Financial Group since 1984 in several management positions including Chairman and Chief Executive Officer (CEO), responsible for the overall management of its global lines of business.

He also serves as an active member of the Business Roundtable and the Fortune CEO Initiative and the Chair of the Tax Committee for the American Council of Life Insurers.

Triplett has served at Duke University Management Company, a nonprofit organisation managing its endowment for about 25 years. Currently serving as the President and CEO, he oversees a diversified portfolio of assets and works closely with Duke University’s leadership to develop and implement investment strategies.

Jack Bunce, Chair of ACGL’s Nominating and Governance Committee said: “We believe Dan’s experience successfully leading a time-honored financial institution through significant growth and transformation will serve as a valuable addition to the Board, while Neal’s investment expertise and deep financial services knowledge will strengthen the depth of the Board’s expertise.”

Marc Grandisson, CEO of ACGL concluded: “Arch is in a transformational period of growth, with many more exciting milestones on the horizon. I believe Dan and Neal joining our Board further validates our standing as an emerging global market leader. I look forward to working with both of them and the rest of our Board in the years ahead.”

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