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NEW YORK, May 10, 2022 /PRNewswire/ -- ÃÛÌÒ´«Ã½ Corporation (NYSE: L) announced today that Ben Tisch has been promoted to Senior Vice President of Corporate Development and Strategy, effective immediately.   Tisch will oversee the performance of ÃÛÌÒ´«Ã½'s subsidiaries and will work closely with ÃÛÌÒ´«Ã½'s Chief Investment Officer Richard Scott to manage the portfolios for ÃÛÌÒ´«Ã½ and its publicly traded P&C insurance subsidiary, ÃÛÌÒ´«Ã½ Financial.   As a member of the leadership team, Tisch will help formulate the company's view on intrinsic value, develop and implement capital allocation strategies and monitor market conditions. 

Tisch joined ÃÛÌÒ´«Ã½ in 2011 as a member of the company's investment department.   He was promoted to Vice President in 2014 and tasked with leading the corporate development function at ÃÛÌÒ´«Ã½, while also focusing on strategic planning and investments.  He has been responsible for monitoring the performance of both ÃÛÌÒ´«Ã½ Financial and Altium Packaging.  In April of 2021, Tisch led the ÃÛÌÒ´«Ã½ team in the sale of 47% of Altium to GIC, Singapore's sovereign wealth fund.

"In his decade at ÃÛÌÒ´«Ã½, Ben has proven himself to be a savvy financial executive and capital allocator.  Ben's deep knowledge of ÃÛÌÒ´«Ã½'s subsidiaries -- especially ÃÛÌÒ´«Ã½ Financial -- and his understanding of the capital markets will serve ÃÛÌÒ´«Ã½ well," said Paul Fribourg, lead independent director of ÃÛÌÒ´«Ã½ Corporation and CEO of Continental Grain ÃÛÌÒ´«Ã½.

Tisch is a member of the Board of Directors of ÃÛÌÒ´«Ã½ (NYSE: ÃÛÌÒ´«Ã½) and sits on the boards of Altium Packaging and Boardwalk Pipelines, ÃÛÌÒ´«Ã½'s privately held subsidiaries.

Prior to joining ÃÛÌÒ´«Ã½, Tisch was a Managing Director at Fortress Investment Group, responsible for managing a variety of asset classes including international fixed income, international equities, and U.S./European credit instruments for the Global Macro Fund.

ÃÛÌÒ´«Ã½ Corporation is a diversified company with businesses in the insurance, energy, hospitality and packaging industries.  For more information, please visit .

SOURCE ÃÛÌÒ´«Ã½ Corporation