Regional Management Corp. announced the loss of board member, Philip Bancroft, who unexpectedly passed away earlier this month. Mr. Bancroft served on the Regional Management Board of Directors since January 2022, including most recently as Chair of the Board?s Audit Committee and as a member of the Board?s Risk Committee.

Prior to joining Regional Management?s Board of Directors, Mr. Bancroft was the Chief Financial Officer and Executive Vice President of Chubb Limited, the publicly traded property and casualty insurance company in the world, from 2016 to 2021. Prior to Chubb, he was the Chief Financial Officer of ACE Limited from 2001 to 2016. Mr. Bancroft also served as Partner-in-Charge for the New York Regional Insurance Group of PricewaterhouseCoopers (PwC) from 1996 to 2001, and spent nearly 20 years at PwC in various roles, including ten years as a partner.

In addition to serving on Regional Management?s Board, Mr. Bancroft served on Saint Joseph?s University Haub School of Business/Advisory Board for Insurance Risk Management and various other non-profit boards. He was certified as a public accountant and earned his Bachelor of Business Administration in Accounting from Temple University.