Arch creates new mortgage pilot scheme
Arch Capital Group (ACGL) has announced that François Morin will become executive vice president and chief financial officer (CFO) of the company as from May 25, 2018. He will report to Marc Grandisson, president and chief executive officer of ACGL.
Morin replaces outgoing chief financial officer Mark Lyons, who is leaving Arch to become senior vice president and chief actuary, general insurance at AIG in New York. Morin’s promotion is subject to applicable local regulatory approvals.
Morin joined the Company in 2011 and currently serves as senior vice president, chief risk officer and chief actuary of ACGL. Prior to joining Arch, he served in 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.
Grandisson said, “Anyone who has followed our company knows one of Arch’s strengths is its deep pool of talent. François’ extensive experience leading Arch’s actuarial and enterprise risk management practices gives him valuable perspective into all financial and capital aspects of our company.”
Morin said, “Arch has consistently delivered on its core strategy of being a leader in specialty lines. I look forward to working with Marc and the executive leadership team as we strive to continue to deliver superior returns over the long term, consistent with the record of financial performance we have demonstrated since our founding.”
Grandisson continued, “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.”
Arch Capital Group, CFO, appointment, Morin