A global insurer has announced a new appointee to the position of president and chief operating officer.
Marc Grandisson, currently chairman and CEO of Arch Worldwide Reinsurance and Mortgage Groups, will take over the role for Arch Capital Group beginning January 1. In this position, Gradisson will oversee all of the company’s operating units, including insurance, reinsurance and mortgage.
Previously, Grandisson held various senior positions at
Berkshire Hathaway and F&G Re. He holds an MBA from The Wharton School of the University of Pennsylvania and is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.
He will continue to report to Arch Capital Group Chairman and CEO Dinos Iordanou.
“[Marc Grandisson] has done an outstanding job for us since joining the company over 14 years ago, and his promotion is well deserved,” Iordanou said in a statement. “With Marc’s guidance, our reinsurance and mortgage businesses have become significant participants in the marketplace, and he is an important member of our senior leadership team.”
Grandisson expressed excitement about his new role, commenting that Arch as an “extremely deep management team” and that he is “very pleased that they will lead our business into the future.”
This is the second senior appointment for Arch in the past three weeks. The group named Vincent Kellaher senior vice president overseeing Arch’s Third Party Administrator managed claims at the end of October.
Kellaher joined from Carolina Casualty Insurance, where he was vice president and chief claims officer. His primary focus, according to company statements, will be to “unify and enhance Arch’s approach to TPA oversight and align our TPA relationships across the department.”
Based in Bermuda, Arch provides insurance and reinsurance on a worldwide basis through a variety of subsidiaries.
