Jones Named Arch Insurance's New CEO

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NU Online News Service, June 5, 4:05 p.m.EDT?Arch Capital Group said Ralph E. Jones III will jointhe company next month as the president and chief executive officerof its Arch Insurance Group.

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The Bermuda-headquartered company said Mr. Jones would take onthe responsibility of management and oversight for Arch'sU.S.-based insurance operations. He will report to ConstantineLordanou, president of Arch Worldwide Insurance and ReinsuranceGroup.

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Mr. Jones, 47, comes from Chubb Specialty Insurance, part ofWarren, N.J.-based Chubb Group of Insurance Companies, where heserved as chief executive officer.

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At Chubb, Mr. Jones had also served in various senior executivepositions, including chief underwriting officer of Chubb InsuranceCompany of Europe and worldwide manager of its executive protectiondepartment. Mr. Jones had also worked as managing director ofHiscox Insurance Company, the U.K. and European property-casualtybusiness of Hiscox plc.

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Arch Capital Group Ltd., with some $1.5 billion in equitycapital, offers property-casualty insurance and reinsuranceproducts on a worldwide basis through its subsidiaries, with afocus on specialty lines of business.

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