Bermuda-based Arch Capital has promoted Marc Grandisson to the position of president and chief operating officer.
Grandisson, who will take up the role at the beginning of next year, will have responsibility for all of the company’s operating units, insurance, reinsurance and mortgage.
He will continue to report to Dinos Iordanou, chairman of the board and CEO of ACGL.
Grandisson joined the company in 2001 and currently serves as chairman and chief executive officer (CEO) of Arch Worldwide reinsurance and mortgage groups.
Before joining Arch, Grandisson held various senior positions at Berkshire Hathaway and F&G Re.
Iordanou said: “The board of directors and I would like to congratulate Marc on his new role. He has done an outstanding job for us since joining the company over 14 years ago, and his promotion is well deserved.
“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.
“Promoting from within the company is confirmation of Arch’s commitment to our people, the importance we place on our unique culture, and the strength and depth of the management team we have built at Arch.”
Grandisson added: “I am excited and honoured to take on this new role. I look forward to continuing to work closely with Dinos, our strong senior management team and the talented staff across our entire organisation to continue to develop and expand our business and execute our long-term strategic plan.
“With Dave McElroy, Nicolas Papadopoulo and Andrew Rippert overseeing our insurance, reinsurance and mortgage operations, respectively, we have an extremely deep management team and I am very pleased that they will lead our business into the future.”
Arch, Arch Capital, Arch Worldwide, Marc Grandisson, Bermuda