Arch Capital adds two stalwarts to board of directors

Arch Capital adds two stalwarts to board of directors | Insurance Business America

Insurance News

Arch Capital adds two stalwarts to board of directors

New directors bring valuable financial and investment experience

Insurance News

By
Kenneth Araullo

Arch Capital Group has announced the appointment of Daniel J Houston (pictured above, left) and Neal Triplett (pictured above, right) to its board of directors, effective immediately.

Houston is the chairman and CEO of Principal Financial Group, where he oversees the management of the Fortune 500 company across its global lines of business.

In addition to his role at Principal, Houston is an active member of the Business Roundtable and the Fortune CEO Initiative, and he chairs the Tax Committee for the American Council of Life Insurers. Houston has been with Principal since 1984 and has held various management positions throughout his tenure.

Triplett serves as president and CEO of the Duke University Management Company, a nonprofit organization responsible for managing Duke University’s endowment. With 25 years of experience at the company, Triplett oversees a diversified portfolio of assets and collaborates with the university’s leadership to develop and implement investment strategies.

John Pasquesi, chair of the ACGL board of directors, said that the board regularly assesses its composition to identify opportunities to enhance its talent and perspectives. He stated that both Houston and Triplett bring impressive track records and relevant experience that will contribute to the board’s overall capabilities.

Jack Bunce, chair of ACGL’s Nominating and Governance Committee, also emphasized Houston’s experience in leading a financial institution through significant growth and transformation, describing it as a valuable addition to the board.

He also highlighted Triplett’s investment expertise and deep knowledge of financial services as a strength that will further deepen the board’s expertise.

Marc Grandisson, CEO of ACGL, said that Arch is in a period of transformational growth, with many significant milestones ahead.

“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,” Grandisson said.

What are your thoughts on this story? Please feel free to share your comments below.