Arch Insurance Group Names Richard L. Richiski EVP of the Accident & Health Division

NEW YORK--(BUSINESS WIRE)-- Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced today that Richard L. Richiski has been named Executive Vice President of Arch’s Accident & Health (A&H) Division effective May 10, 2010.

Based in Jersey City at Arch Insurance Group’s U.S. headquarters, Mr. Richiski will be responsible for the reinvigoration of the A&H operation, as well as overseeing the strategy, underwriting and operations of the unit.

Mr. Richiski will report to Michael R. Murphy, President of Arch’s Property & Casualty Group. “Whenever we have the opportunity to add talent to our team and increase our product capabilities, we do so. Dick Richiski is an example of that philosophy. We are excited to bolster our standing in the A&H marketplace and with his deep expertise, we will be in position to offer increased leading solutions to clients and their brokers,” said Murphy.

“I, too, am excited about joining this great team and having an opportunity to expand the portfolio of A&H products and services available through Arch. A select team of A&H professionals will apply their leadership skills and expertise to build strong distributor relationships through which we will deliver solutions designed to meet the current, as well as ever-changing needs of our customers, their employees and families,” said Richiski.

Mr. Richiski spent the past 14 years with Zurich--most recently serving as Executive Vice President of Distribution & Regional Management, Specialties Products at Zurich American Insurance Company. There, he oversaw seven regions and was responsible for the execution of the Specialty Products financial and regional operational plans. Prior to that role, he held other executive positions in their Specialties Products and A&H areas.

Before joining Zurich, he served as Executive Vice President of the Commercial Life Insurance Company at Unum Corporation and prior to Unum, he began his insurance career with Continental Corporation, holding various executive positions there.

Mr. Richiski received his B.A. from Colgate University and holds a CLU designation. He currently serves on the Board of Directors for America’s Health Insurance Plans (AHIP).

Arch Insurance Group Inc. is a member of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries. For more information, visit www.archinsurance.com.

Arch Insurance Group Inc.
Stefanie Frelick, 646-563-6431
Vice President, Corporate Marketing & Communications

Source: Arch Insurance Group