CEO Chris McKeown Leaves Pillar Capital

February 1, 2013

Pillar Capital Holdings Limited, a Bermuda-based insurance asset manager focused on collateralized reinsurance and catastrophe insurance-linked securities, confirmed that Chris McKeown, Chief Executive Officer, has left the Company under mutual agreement effective January 31, 2013.

Phil Lotz, Executive Chairman of Pillar, will assume operational management responsibilities “We thank Chris for his contributions to the Company and wish him the best in his future endeavors,” said Mr. Lotz.

“I, along with the rest of the senior management team, look forward to continuing to expand the company with the support of all of our strategic partners, including our most recent investors, Transatlantic Holdings, Inc. and Alleghany Corporation.

“It is an exciting time for Pillar – we just wrapped up a very strong renewal season, have an excellent pipeline of interested investors, and we look forward to seizing the opportunities that lie ahead.”

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