Insurance Regulatory Capital

Our Management Team & The Board

The Management Team

Daragh Clune | Managing Director and Chief Investment Officer

Mr. Clune has served as Chief Investment Officer of IRC since September 2014. He has over 20 years of investment and financial markets experience. Read MoreMost recently, Mr. Clune was an Executive Director and Deputy Global Head of Portfolio Management for the Dexia Banking Group from 2005 – 2014. Here he was responsible for a team of asset managers who ran one of the largest financial fixed income portfolios in Europe. He was also responsible for the government and corporate bond portfolios of the Dexia Group. Prior to this he held senior trading positions within Royal Bank of Scotland’s and HSBC’s Global Markets divisions. Mr. Clune is a graduate of University College Dublin and the Michael Smurfit Graduate School of Business. Read Less


The Board

Arturo M. Raschbaum | Chairman & Non-Executive Director
Mr. Raschbaum has served as President and Chief Executive Officer of Maiden Holdings since November 2008. Read MoreFrom 1994-2008, Mr. Raschbaum held several leadership positions with GMAC Insurance Holdings, including president of GMAC Insurance and president of GMAC RE and its predecessors. Mr. Raschbaum holds a BBA from the University of Texas at El Paso and attended the Stanford University Executive Program. Mr. Raschbaum services on the board of governors of the Property Casualty Insurers Association of America, and also serves on the board of advisors of the RAND Institute for Civil Justice. Read Less

Karen Schmitt | Non-Executive Director
Ms. Schmitt has served as Chief Financial Officer of Maiden Holdings since May 2014, and previously served as President of Maiden Reinsurance North America. Read MoreMs. Schmitt earned her MBA at the Wharton School of the University of Pennsylvania and her Bachelor of Science in Actuarial Science from Lebanon Valley College. She is a Chartered Financial Consultant, a Member of the American Academy of Actuaries, and a Fellow of both the Casualty Actuarial Society and the Canadian Institute of Actuaries. In 2013, Ms. Schmitt received the designation Chartered Enterprise Risk Analyst (CERA). Read Less

Patrick J. Haveron | Non-Executive Director
Mr. Haveron has served as Executive Vice President of Maiden Holdings since 2010 and as President of Maiden Reinsurance since February 2014. Read MorePreviously he has served as President of Maiden Global Servicing Company, LLC. From 2004-2009, Mr. Haveron was President and Chief Executive Officer of Preserver Group, Inc., a publicly-traded property and casualty insurer, after having served in a variety of financial and executive leadership roles since 1988. Mr. Haveron was also Senior Vice President and Chief Operating Officer of Tower Group, Inc., a publicly-traded property and casualty insurer, from 2007-2009 after its acquisition of Preserver in 2007. Mr. Haveron has previously served on the board of governors of the Property Casualty Insurers Association of America and is a graduate of the University of Scranton. Read Less

Colin Fitt | Non-Executive Director
Mr. Fitt has served as Senior Vice President, Corporate Development for Maiden Holdings, Ltd. since May 2013.
Read MorePrior to joining Maiden, Mr. Fitt held executive and leadership roles with several investment banks including: Fox-Pitt, Kelton Cochran Caronia Waller, Macquarie Capital Advisors, and most recently with JMP Securities where Mr. Fitt was the Managing Director with oversight of the insurance investment banking practices. Prior to investment banking, Mr. Fitt held senior positions with Employers Reinsurance Corporation (ERC) and E.W. Blanch a reinsurance broker in the USA, Europe and at Lloyd’s. Mr. Fitt is a graduate of the University of Kansas. Read Less

Aogán Foley | Non-Executive Director
Mr. Foley is an experienced Fund Manager with extensive positions in credit and a special interest in complex structuring modelling. Read MoreHe is the Managing Director and owner of Incisive Capital, an Investment Manager founded in 2004 specialising in credit investments. He also sits on the boards of a number of high yield debt funds, a fund of hedge funds and a China fund. Previously he founded and served as CEO at West End Capital Management which set up a structured investment vehicle in late 2001 and purchased $ 2.5 billion in bank securities and structured finance assets. Mr. Foley also served as Head of Credit Structuring at General Re and Head of Fixed Income Structured Finance at Lehman Brothers. Mr. Foley holds a B. Comm. from University College Dublin and is a Fellow of the Institute of Chartered Accountants. Read Less

Lawrence F. Metz | Company Secretary
Mr. Metz has served as Senior Vice President, General Counsel and Secretary of Maiden Holdings since June 2009. Read MoreFrom 2007-2009, Mr. Metz served as Vice President, General Counsel – US Operations and Assistant Secretary of AmTrust Financial Services, Inc., a publicly-traded multinational property and casualty insurer specializing in coverage for small businesses. From 2004-2007, Mr. Metz served as Vice President, General Counsel and Secretary of a publicly-traded provider of information management and business process optimization solutions. Mr. Metz received a B.S. from the University of Wisconsin – Madison and a J.D. from Fordham University School of Law, and is a member of the Bar of the Supreme Court of the United States, the New Jersey State Bar Association and the New York State Bar Association. Mr. Metz serves on the Board of Advisors of the RAND Center for Corporate Ethics and Governance. Read Less