Kewsong Lee Resigns From Arch Capital Board
Bermuda-based Arch Capital Group Ltd. announced that Kewsong Lee has resigned from its Board of Directors because of the expansion of his duties at Carlyle Group LP following his recent promotion to co-CEO effective January 1, 2018.
Constantine [Dinos] Iordanou, Chairman and CEO of ACGL, commented, “We thank Kewsong for his outstanding service to the Company. He has been a director since our initial capital raise in 2001, and our Lead Director since 2009. We appreciate Kew’s insight and leadership and will miss his counsel. We wish him all the best as he pursues his new role with Carlyle.”
Mr. Lee commented, “Arch is a terrific company and has performed well because of its outstanding management leadership and Board. Dinos has done an amazing job driving Arch, and over the past 16 years, I’m grateful for the opportunity to have worked with him, his extremely talented team, and my fellow directors on the Board.
“Arch has tremendous depth throughout the organization and is well-positioned as the emerging senior leadership team continues to drive Arch’s growth and success.”
Arch Capital Group Ltd., a Bermuda-based company with approximately $11.04 billion in capital at September 30, 2017, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
