Arch hires new CIO from Amundi US

Arch Capital Group has hired Christine Todd as chief investment officer.

Todd succeeds W. Preston Hutchings who is retiring from Arch later in 2021 but will retain a role as senior adviser to assist with special projects.

She was most recently head of fixed income US for Amundi US, and has over 30 years of experience, having also held executive roles at Neighborly Investments, Standish Mellon Asset Management and Gannett, Welsh & Kotler.

Todd will take up her position on June 7, 2021, subject to regulatory approval, and will report to Marc Grandisson, chief executive officer of Arch Capital. She will be responsible for setting the firm’s investment strategy and managing the day-to-day operations of the investment portfolio.

Grandisson called Todd “a dynamic and strategic investment leader with the experience and expertise to help bring our strong investment team into the next era,” highlighting “her deep understanding of the insurance industry, her ability to lead and develop teams, and her strong ability to collaborate across an organisation.”

Grandisson noted that Hutchings had “assembled a world-class investment team that produced excellent results for our shareholders amid an evolving economic landscape and numerous financial stresses and challenges.”

During Hutchings’ tenure Arch Capital’s investment portfolio grew from $6 billion to over $26 billion.