François Morin, current senior vice president, chief risk officer, and chief actuary of Arch Capital Group (ACGL), has been promoted to the role of executive vice president and chief financial officer, effective May 25. He will report to Marc Grandisson, president and chief executive officer of ACGL.
Morin will succeed Mark Lyons, who is leaving the Bermuda-based company to take up the role of senior vice president and chief actuary for general insurance at AIG in New York.
Morin joined the company in 2011, and brings to the new role nearly three decades of experience in the insurance industry. Prior to joining the company, he served various roles for Towers Watson & Co. and its predecessor firm Towers, Perrin, Forster & Crosby, including its actuarial division, Tillinghast, where he led the firm’s engagement with ACGL.
Morin's “extensive experience leading Arch’s actuarial and enterprise risk management practices gives him valuable perspective into all financial and capital aspects of our company,” Grandisson said.
Of the outgoing chief financial officer, Grandisson said: “Mark and I have worked together since the early days of Arch in 2002. In addition to the significant contributions he has made to our performance over the years, he has been a great colleague and friend. We wish him all the best.”
Morin’s promotion is subject to applicable local regulatory approvals.