Arch Capital appoint high flyers to board
Bermuda-based Arch Capital Group Ltd has appointed Francis Ebong and Eileen Mallesch to the company’s board of directors, effective immediately.
The island-based re/insurer said Mr Ebong has an extensive background in technology and innovation and is currently managing director of programme management at X, Alphabet’s in-house research and development division, where he is tasked with launching technologies to improve the lives of billions of people.
Prior to joining Alphabet, he worked at Facebook as the director of global operations and partnerships, where he led a team responsible for the launch of FB Live, Marketplace and Messenger. He also has experience working at Postmates, Apple and Deloitte.
The company said Ms Mallesch has more than 30 years of finance and risk experience, including serving as senior vice president and chief financial officer for Nationwide’s property and casualty segment.
Ms Mallesch also has broad finance and business strategy expertise in the insurance, telecommunications and consumer products industries. Her significant board experience includes current positions on the boards of Brighthouse Financial and Fifth Third Bancorp, Arch said.
She previously served on the boards of Bob Evans Farms, Inc, Libbey Inc and State Auto Financial.
Jack Bunce, chairman of ACGL’s nominating and governance committee, said: “Francis’ background at cutting-edge, digitally native mega-caps combined with Eileen’s extensive financial, insurance and board experience will enhance the overall capabilities of our board, specifically in the area of fintech transformation and identifying opportunities that lie ahead for the financial world.
“They will bring distinct and unique perspectives that will broaden the board’s talent and outlook for the next stage of our growth.”
Board chairman John Pasquesi said: “The long term success of our board of directors requires us to regularly assess and refresh the array of professional experiences and perspectives of our board members.
“Francis and Eileen bring impeccable credentials and we are fortunate to have them join our board and contribute to the collective success of Arch.”
Arch Capital Group is a publicly listed Bermuda exempted company with approximately $16.7 billion in capital at June 30. It provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.