Pillar Capital appoints Jeff Franklin SVP-Underwriting

Hamilton, Bermuda – April 30, 2013 – Pillar Capital Holdings Limited, today announced that Bermudian Jeff Franklin has joined the firm as SVP & Portfolio Manager effective immediately.

Mr. Franklin joins Pillar from Flagstone Re where he served as Chief Underwriting Officer – International, overseeing property cat pricing across Flagstone’s international offices. He began his insurance career at Ace Tempest Re in 2001.

“Jeff’s expertise in global property underwriting further strengthens the outstanding investment team we are assembling at Pillar,” said Stephen Velotti, Chief Investment Officer of Pillar, to whom Mr. Franklin reports. “Jeff’s arrival coincides with an active period in which we are developing a growing pipeline of potential investors and building out our marketing and back-office capabilities following the strategic investment by TransRe.”