Arch Re Names New Chairman/CEO; President/COO

Arch Reinsurance Company announced that John Rathgeber has been appointed Chairman and CEO and Tim Olson has been appointed President and COO as of March 1, 2009.

Rathgeber previously served as President and CEO and Olson as Chief Underwriting Officer prior to their new positions.

In addition, Barry Golub, who had served as the Company’s Controller, has been appointed as Chief Financial Officer with effect from March 1, 2009.

Rathgeber joined Arch Re in December 2001 and has nearly 30 years of experience in various actuarial, underwriting and senior management positions in the reinsurance industry.

Olson has been with the Company since 2001 and has over 29 years of experience as a reinsurance broker and underwriter in the United States and Europe.

Marc Grandisson, Chairman of the Arch Worldwide Reinsurance Group, commented: “Both John and Tim have done a great job building up and establishing our U.S. reinsurance operation as a quality provider in its field. The new positions recognize their accomplishments and strengthen our leadership in the U.S. for the future.”

Source: Arch Capital Group – http://www.archcapgroup.bm