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DFA Capital Management Inc. today announced that Dean O’Hare, former Chairman and CEO of the Chubb Corporation, has been named as an outside member of its Board of Directors.
Markus Rohrbasser, Chairman and President of DFA Capital Management, said, "We are delighted to have Dean join us in an advisory role during this critical stage of our growth. His vast experience, successful track record, and network of influential contacts in the insurance industry will help us to further develop our sales and marketing capabilities going forward.
"Dean has first-hand knowledge of what tools are important for an insurance company to be more competitive in today’s ever-changing marketplace. His guidance will be invaluable as we explore strategies to grow our business in North America and Europe."
"In insurance companies, there is an exponential relationship between the completeness of risk management capabilities and the level of business value derived. DFA Capital Management has the most comprehensive, powerful and scalable Enterprise Risk Management offering in the industry today. Based on my experience, I am convinced that insurance companies can reap significant benefits from using ADVISE™," said Mr. O’Hare. "I am looking forward to working with this exceptionally strong team; they have abundant and extremely valuable subject matter expertise."
About Mr. O’Hare
Dean R. O'Hare retired in December 2002 from his position as Chairman and Chief Executive Officer of The Chubb Corporation, based in Warren, New Jersey. He first joined Chubb as an underwriting trainee and was later named an officer of the corporation, then Chief Financial Officer, and finally President in 1986.
He is a leading voice on international trade issues and serves as Chairman of the United States Council on International Business and is Chairman of the New Jersey Partnership.
Mr. O’Hare served as a member of the President’s Trade Advisory Committee, Chairman of the U.S. Coalition of Service Industries, Chairman of the U.S. India Business Council, Director and Chairman of the American Insurance Association, and as a financial governor of the World Economic Forum (DAVOS).
Mr. O’Hare is a director and Chairman of the Audit Committee of the Fluor Corporation and is a Director of HJ Heinz.
Mr. O’Hare is involved in many philanthropic organizations and serves as Co-Chairman of the Board of Trustees at the Hospital for Special Surgery in New York, is a trustee of St. Benedict’s Preparatory School in Newark, is a fellow of the New York Academy of Medicine, is a trustee of the Intrepid Museum, and is a trustee of the University of Dublin.
About DFA Capital Management Inc.
DFA Capital Management Inc. is the market leader in dynamic financial analysis software for the insurance and financial services industries. DFA’s software-based financial and risk management system is a foundation for competitive advantage for any insurance company with multiple business lines, reinsurance activities, rapidly changing business portfolios, and significant premium volumes.
Founded in 1999, DFA Capital Management Inc. is headquartered in Purchase, N.Y., with offices in Germany and Switzerland.
For media inquiries, contact:
Kathleen Sheridan
Stanton Crenshaw Communications
Tel: +1 212.780.1900
ksheridan@stantoncrenshaw.com
Karen Verelley
Vice President, Marketing
DFA Capital Management
Tel: +1 914.701.7238
Cell: +1 203.856.7273
karen.verelley@dfa.com