27 May 2016 Insurance

Vanbridge appoints four Board members

Vanbridge Holdings, a US-based insurance intermediary, has appointed four new members to its Board of Directors.

Joining the board are Craig Farr, David Delaney Jr, Jose Montemayor and Clement Dwyer Jr.

Farr, most recently served as the head of credit and capital markets for KKR and was a member of the firm's management committee. Joining KKR in 2006, he first oversaw the firm's capital markets unit before taking on responsibility for its credit group in 2013. Prior to KKR, Farr spent 10 years at Citigroup Global Markets. where he co-led the North American capital markets business.

Delaney has served as the President and CEO of Lancer Insurance Group since 1982. His background includes almost 40 years of insurance and reinsurance experience with AIG, American Re-Insurance Company, American Risk Management (Reiss Group), Delaney Intermediaries and Lancer Financial Group.

Montemayor is a principal of Black Diamond Management and Black Diamond Capital Partners; a private equity fund specialising in insurance. He has more than twenty years of experience in all aspects of insurance regulation and Insurance mergers & acquisitions (M&A), including six years as the gubernatorial appointed Texas State Insurance Commissioner.

Prior to his career in the insurance industry, Montemayor served in the US Air Force for 24 years and retired with the rank of Major in 1992.

Dwyer serves as the president of URSA Advisors, a provider of insurance and reinsurance advisory services. Prior to the formation of URSA Advisors, Dwyer served as president and CEO of Signet Star Holdings, a reinsurance subsidiary of WR Berkeley. From 1970 until 1996, he held various positions at Guy Carpenter, most recently as an executive vice president and director.

The new board members join Vanbridge's existing Board of Directors which includes: Philip Moyles Jr, managing principal and chief executive officer (CEO) of Vanbridge; VJ Dowling, founder and managing partner of Dowling & Partners Securities; Michael Odrich, global head of A&M Capital; and Meryl Hartzband, most recently the chief investment officer of Stone Point Capital.

"We are privileged to add these four individuals to our board," said Philip Moyles Jr, managing principal and chief executive officer (CEO), Vanbridge. "Each brings a unique perspective, as well as invaluable input and expertise across the fields of private equity, capital markets and insurance. We look forward to their contributions in support of Vanbridge's vision."

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