Insurance Technology Industry News

TMCNet:  Pillar Capital Announces Senior Management Change

[January 31, 2013]

Pillar Capital Announces Senior Management Change

HAMILTON, Bermuda --(Business Wire)--

Pillar Capital Holdings Limited ("Pillar" or the "Company"), a Bermuda-based insurance asset manager focused on collateralized reinsurance and catastrophe insurance-linked securities, announced today that Chris McKeown, Chief Executive Officer, has left the Company under mutual agreement effective January 31, 2013.

Phil Lotz, Executive Chairman of Pillar, will assume operational management responsibilities. The senior management team, who has worked together since inception, will continue to execute on Pillar's previously announced plans for strategic growth. Specifically, the Company is focused on expanding its marketing function and back office capabilities with the support of Pillar's shareholders and strategic partners.

"We thank hris for his contributions to the Company and wish him the best in his future endeavors," said Mr. Lotz. "I, along with the rest of the senior management team, look forward to continuing to expand the company with the support of all of our strategic partners, including our most recent investors, Transatlantic Holdings, Inc. and Alleghany Corporation. It is an exciting time for Pillar - we just wrapped up a very strong renewal season, have an excellent pipeline of interested investors, and we look forward to seizing the opportunities that lie ahead."

About Pillar Capital Holdings Limited

Pillar is a Bermuda incorporated investment manager focused on investing in insurance related instruments. Pillar seeks to identify opportunities in traditional (re)insurance instruments and financial market instruments whose performance is driven by underlying non-life insurance risk. The objective of Pillar is to create portfolios with attractive risk-reward characteristics and low correlation with other asset classes, utilizing Pillar's extensive reinsurance and capital market experience. Pillar was formerly Juniperus Capital. For more information, please visit http://www.pillar-capital.com/.


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