Dean O'Hare Joins DFA Capital Management Board; Former Chairman and CEO of the Chubb Corporation Has Been Named to DFA's Board of Directors
PURCHASE, N.Y.--(BUSINESS WIRE)--Oct. 25, 2004--DFA Capital Management Inc. today announced that Dean O'Hare, former Chairman and CEO of the Chubb Corporation, has been elected to its Board of Directors.
Markus Rohrbasser, Chairman and President of DFA Capital Management Inc., 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(TM)," 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 first company to deliver the long-promised benefits of dynamic financial analysis to the insurance industry through a comprehensive and coherent product offering. The company's ADVISE ERM platform can provide a thorough, detailed, and fully integrated financial model of the entire insurance company. Previously only marketed to professional advisors to the property and casualty industry, it is now available to all insurers and reinsurers interested in optimizing their financial decision-making.
Designed from the ground up as an ERM platform, ADVISE has provided tactical and strategic business advantage to insurance institutions in the U.S. and Europe since 2002. An Advanced Decision and Value Simulation Engine, ADVISE provides a degree of detail and flexibility that allows managers to use their own, realistic, assumptions about the world, leading to confidence in the model and its use as a true decision-support system.
As a result of DFA Capital Management Inc.'s focused expertise, ADVISE enables their clients to get closer to fully integrated ERM than any other alternative. According to a well known industry analyst, the proven benefits of integrated ERM are:
-- Alignment of the strategic aspects of risk with day-to-day operational activities
-- Facilitation of more transparency for investors and regulators
-- Enhancement of revenue and earnings growth
-- Control of downside risk potential
CONTACT: DFA Capital Management Inc.
John Andrus, 914-701-7260