DFA Capital Management Inc. Announces Formation of Insurance Industry Advisory Board

Distinguished group provides market insight and guidance for company’s Enterprise Risk Management products and services

DFA Capital Management Inc., a leading provider of enterprise risk management solutions to the insurance industry, today announced the formation of an Insurance Industry Advisory Board. The group will meet several times a year to provide DFA Capital Management Inc. with valuable input on current market trends and critical business needs of the insurance industry.

The group is currently conducting a detailed review of the Company’s GEMS™ (General Economic and Market Simulator) software to provide feedback as to its efficacy as an artificial economy underpinning the simulation of an insurance entity and to give guidance on further product development.

The Advisory Board is composed of leading academics and business executives in the fields of insurance management and quantitative finance and currently includes Dr. Samuel H. Cox, Dr. Harry H. Panjer, Dr. James A. Tilley and Dr. Shaun Wang.

Markus Rohrbasser, Chairman and President of DFA Capital Management Inc. said, “We are delighted to have this esteemed group join us in an advisory role during this critical stage of our growth. Their vast experience, industry knowledge and established reputations in the insurance industry will help us to build upon on our current capabilities and to solidify DFA Capital Management Inc.’s position as the market leader in enterprise risk management for insurance companies.”

About Samuel H. Cox, Ph.D.

Dr. Samuel H. Cox is a Professor of Actuarial Science, Mathematical Risk Management and Risk Management and Insurance at Georgia State University . He also serves as the Thomas P. Bowles Jr. Chair of Actuarial Science. Dr. Cox earned B.A. and M.S. degrees at Texas Christian University and a Ph.D. at Louisiana State University , all in mathematics.

Dr. Cox is a Fellow of the Society of Actuaries (1980) and a Chartered Property and Casualty Underwriter (1996). In October 2000, he was elected to a three-year term on the Society of Actuaries Board of Governors. Dr. Cox has served as Editor of the North American Actuarial Journal, the premier publication of the Society of Actuaries.

Dr. Cox is co-editor of the Asia Pacific Journal of Risk and Insurance, associate editor of the Journal of Risk and Insurance and a contributing author to several textbooks. He has published scholarly papers in mathematics, actuarial science, insurance and finance.

About Harry H. Panjer, Ph.D.

Dr. Panjer has taught actuarial science in universities for over 30 years. He has published many books and articles in scientific publications. He is a frequent speaker at professional and industry meetings and has written many articles and editorials in the professional press. In addition, he has provided consulting services to the insurance sector.

Dr. Panjer has been a Fellow of the Society of Actuaries since 1976 and has served on its Board of Governors and as President from 2002 to 2003. He is also a Fellow of the Canadian Institute of Actuaries, where he served as president from 1997-1998, and is an Honorary Fellow of the UK based Institute of Actuaries .

Dr. Panjer is currently Chief Editor of North American Actuarial Journal.

Dr. Panjer received his B.A. in Mathematics (Actuarial Science), M.A. Statistics, and Ph.D. in statistics from the University of Western Ontario .

About James A. Tilley, Ph.D.

Dr. Tilley was employed at Morgan Stanley from July 1983 through March 2001, and since then has served as an Advisory Director in its IT Department. He held various management roles while at Morgan Stanley, including Managing Director, Chief Information Officer of the Institutional Securities Division and global head of Fixed Income Research.

Prior to joining Morgan Stanley, he served in both managerial and actuarial roles at Equitable Life Assurance Society of the United States , now part of AXA, and at John Hancock Mutual Life and Sun Life of Canada . Mr. Tilley has also consulted to the insurance industry.

Dr. Tilley has been a Fellow of the Society of Actuaries since 1977 and has served on its Board of Governors from 1986 to 1989. He served as the Chair of The Actuarial Foundation from 1995 to 1997.

Dr. Tilley holds a B.Sc., Honors in Physics, from McGill University (1971) and a Ph.D. in Physics from Harvard University (1975).

About Shaun Wang, Ph.D.

Dr. Wang is the director of actuarial science programs in the Department of Risk Management and Insurance at Georgia State University 's Robinson College of Business and holder of the Robert W. Batten Chair of Actuarial Science. He is an internationally renowned expert on the quantification and measurement of risk and a leading actuarial scholar in enterprise risk management

Prior to joining the Georgia State faculty, he was assistant vice president and group research director at SCOR—a global reinsurance company. While at SCOR, Dr. Wang developed a universal pricing formula—now commonly known as the Wang transform—for insurance risks, credit risks, and weather derivatives. Dr. Wang is an experienced educator, with visiting professor appointments at the University of Copenhagen in Denmark , as well as at Nankai University and Peking University , two of China ’s leading academic institutions. He has also held permanent teaching positions at the University of Waterloo and Concordia University in Canada . He holds an undergraduate degree in mathematics from China ’s Beijing University and a doctoral degree in statistics from the University of Waterloo.

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