Arch Announces Three Executive Promotions

June 15, 2006

Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has announced three executive promotions.

Dennis Brand has been promoted to the position of executive vice president, Corporate Underwriting and Risk Management. In his new role, Brand will assume responsibility for Arch Insurance Group’s corporate underwriting and risk management functions in addition to ceded reinsurance which he currently manages.

Brand joined Arch Insurance Group in February 2004 as senior vice president and chief reinsurance officer. He has over 29 years of insurance industry experience. Before joining Arch Insurance Group, he served as senior vice president and chief risk officer at Kemper Insurance Company. Prior to that, he was executive vice president of Ceded Reinsurance at Reliance National.

Brian Hughes has been promoted to the position of senior vice president and chief actuary. In his new role, Hughes will assume responsibility for all of Arch Insurance Group’s actuarial functions.

Hughes joined Arch Insurance Group in October 2004 as chief pricing actuary. He has over 25 years of experience in the insurance and reinsurance business and has held a variety of pricing and reserving roles for all major lines of business during that time. Prior to joining Arch, he served as senior vice president and pricing actuary for Converium. Hughes is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.

Charles “Brian” Schmalz has been promoted to the position of executive vice president. Schmalz is responsible for Arch Insurance Group’s Surety Operation.

Schmalz joined Arch Insurance Group in March 2003 as senior vice president, Surety. Before joining Arch Insurance Group, he was the president of Kemper Surety a part of the Kemper Insurance Company. Prior to that Schmalz was president and CEO of Reliance Surety. Schmalz is member of the Surety Association of America and served as Chairman of this organization from 1999-2000 and Vice Chairman from 1998-1999.

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