2/15/2024 0 Comments Arch mi rate card![]() Bunce, Doppstadt, Paglia, Pasquesi and Posner received their annual retainers in the form of 3,726 common shares. Sunshine received his annual retainer fees in the form of cash and Ms. This column includes the annual retainer (whether paid in cash or, at the election of the director, in common shares), meeting fees and committee chair and retainer fees, as applicable and as described above. Effective May 7, 2020, non-employee directors will no longer receive meeting fees, and will instead receive an increase in restricted shares granted, as outlined in note (2) below. ![]() Each non-employee director also received a meeting fee of $2,500 for each Board meeting attended and $1,500 for each committee meeting attended. Effective as of May 7, 2020, the Chairman of the Board will receive an additional annual retainer of $125,000, which the Chairman may elect to receive in the form of cash or common stock. If so elected, the number of shares distributed to the non-employee director will be equal to 100% of the amount of the annual retainer fee otherwise payable divided by the fair market value of our common shares on the date of grant. Each such director may elect to receive the retainer fee in the form of common shares instead of cash. from the University of Virginia, Darden School of Business Administration.Įach non-employee member of our Board of Directors is entitled to receive an annual cash retainer fee in the amount of $125,000. in Economics from the Virginia Military Institute and an M.B.A. Watjen also serves on the board of visitors of Virginia Military Institute. He currently serves on the boards of directors of LocatorX and Prudential plc. From 1984 to 1987 he worked at Conning & Company in the consulting and venture capital areas, and from 1981 to 1984 he worked with Aetna Life & Casualty in both the investment and finance areas. as Managing Director, Investment Banking from 1987 to 1994. ![]() In 1994, he joined The Provident Companies as Executive Vice President and Chief Financial Officer and was later named Vice Chairman and Chief Operating Officer, a position he held from 1997 to 1999. Watjen served as Vice Chairman and Chief Operating Officer of Unum Group from 2002 to 2003 and Executive Vice President, Finance and Risk Management for the company from 1999 to 2002. From 2003 to 2015, he was President and Chief Executive Officer of Unum Group. Watjen has extensive experience in the insurance sector having spent over 20 years at Unum Group and its predecessor, The Provident Companies. He is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. ![]() from The Wharton School of the University of Pennsylvania. in Actuarial Science from Université Laval in Canada and an M.B.A. Prior to joining Arch, he held various positions with the Berkshire Hathaway Group, F&G Re, Inc. He subsequently held various leadership roles, including Chief Underwriting Officer and Actuary, President and Chief Operating Officer, eventually being named President and Chief Executive Officer at Arch Re Bermuda. (“Arch Re Bermuda”) in October 2001 as Chief Actuary. Prior to that role, he was Chairman and Chief Executive Officer of Arch Worldwide Reinsurance Group from 2005 to 2015, and the Chairman and Chief Executive Officer of Arch Worldwide Mortgage Group from February 2014 to December 2015. From January 2016 to March 2018, he was President and Chief Operating Officer of Arch Capital. Grandisson was promoted to the position of President and Chief Executive Officer of Arch Capital on Maand was appointed to our Board in March 2018. from the University of Chicago Booth School of Business. from Northwestern University and an M.B.A. Posner currently serves on the board of directors of Biogen Inc. He served as a portfolio manager and an analyst at Fidelity Investments from 1987 to 1996 and, from 1997 to 1999, at Warburg Pincus Asset Management/Credit Suisse Asset Management where he also served as Co-Chief Investment Officer and director of research. Posner co-founded Hygrove Partners LLC, a private investment fund, in 2000 and served as the Managing Member for five years. Posner served as the President, Chief Executive Officer and Co-Chief Investment Officer of ClearBridge Advisors, LLC, an asset management company and a wholly owned subsidiary of Legg Mason. Posner has been a private investor since March 2008 and is the President of Point Rider Group LLC, a consulting and advisory services firm focused on financial, bio-pharmaceutical, and other services-related companies.
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