Arch Capital Group announced the appointment of Daniel J. Houston (pictured above, left) and Neil Triplett (pictured above, right) to its Board of Directors, effective immediately.

Houston serves as Chairman and CEO of Principal Financial Group, where he oversees the management of the Fortune 500 company across its global business lines.

In addition to his role at Principal, Houston is an active member of the Business Roundtable and the Fortune CEO Initiative, and chairs the Tax Committee of the American Council of Life Insurers. Houston has been with Principal since 1984 and has held various management positions throughout his tenure.

Triplett serves as president and CEO of Duke University Management Corporation, the nonprofit organization responsible for managing the Duke University endowment. With 25 years of experience at the company, Triplett oversees a diversified portfolio of assets and works with university leadership to develop and implement investment strategies.

ACGL Board Chairman John Pasquisi said the Board regularly evaluates its composition to identify opportunities to enhance its talent and perspectives. He said Houston and Triplett have a proven track record of accomplishments and relevant experience that will enhance the Board’s overall capabilities.

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ACGL Nominating and Governance Committee Chairman Jack Pons also highlighted Houston’s experience leading a financial institution through significant growth and transformation, calling her a valuable addition to the Board.

He also highlighted Triplett’s investment expertise and deep knowledge of financial services as a strength that would further deepen the board’s expertise.

“Arch is in a transformational growth phase, with many important milestones ahead,” said Mark Grandison, CEO of ACGL.

“I believe that the addition of Dan and Neil to our Board of Directors further strengthens our position as a leader in the emerging global market,” Grandison said. “I look forward to working with them and the rest of our Board of Directors in the years ahead.”

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