Risk Capital Re Names Michael C. Sowa Vice President, Property Underwriting

Business Wire, Nov 17, 1998

GREENWICH, CONNECTICUT--(BUSINESS WIRE)--Nov. 16, 1998--Risk Capital Reinsurance Company, a wholly owned subsidiary of Risk Capital Holdings, Inc. (NASDAQ: RCHI), has named Michael C. Sowa to the position of Vice President, Property Underwriting.

Prior to joining Risk Capital Re, Mr. Sowa held property underwriting positions with two reinsurers, most recently as Second Vice President for Property Treaty Underwriting at NAC Reinsurance Corporation, where he focused on highly protected risk (HPR), commercial and international property business. Previously, Mr. Sowa was an Account Underwriter at Allendale Insurance with responsibility for Fire and Allied Lines, Boiler & Machinery and Inland Marine business for domestic and international clients. Mr. Sowa began his professional career as a Loss Consultant for Factory Mutual Engineering, the engineering arm of the Factory Mutual system. He holds a BS in Industrial Engineering from Clemson University.

Mark Mosca, President and Chief Executive Officer of Risk Capital Holdings, Inc. said, "Mike Sowa injects valuable engineering as well as property underwriting expertise into our property underwriting operations. We continue to add technical and marketing depth to our underwriting specialist units where there are opportunities for profitable growth."

Risk Capital Holdings, Inc., through its wholly owned subsidiary Risk Capital Reinsurance Company, provides reinsurance and other forms of capital, either on a stand-alone basis, or as part of integrated solutions for insurance companies with capital needs that cannot be met by reinsurance alone.