David Gansberg joins the Board of Directors of COFACE SA

At its meeting on 28 July 2021, the Board of Directors of COFACE SA co-opted David Gansberg, Chief Executive Officer, Global Mortgage Group at Arch Capital Group Ltd. (Arch), as a non-independent director at the Board of Directors of COFACE SA.

He takes the place of Benoît Lapointe de Vaudreuil who leaves the Board to focus on his other professional responsibilities.

There are no other changes to Coface's Board of Directors. It has 10 members, 4 women and 6 men, the majority (6) of whom are independent directors.

Biography

David Gansberg was named Chief Executive Officer of Arch Capital Group Ltd.’s Global Mortgage Group, which provides mortgage insurance and reinsurance on a worldwide basis, on March 1, 2019.

From February 2013 through February 2019, he was the President and Chief Executive Officer of Arch Mortgage Insurance Company. From July 2007 to February 2013, Mr. Gansberg was Executive Vice President and a director at Arch Reinsurance Company. Prior to that, he held various underwriting, operational and strategic roles at Arch Reinsurance Ltd. and Arch Capital Services Inc., where he joined in December 2001. Prior to joining Arch, Mr. Gansberg held various positions with ACE Bermuda and Cigna Property and Casualty. He holds a B.S. in Actuarial Mathematics from the University of Michigan.