Bermuda-based Arch Capital Group Ltd. has announced that Mark Lyons has been promoted to the position of Chairman and CEO of Arch Worldwide Insurance Group, effective July 2, 2008. He joined Arch in 2002 and currently serves as President and Chief Operating Officer of Arch’s U.S.-based insurance group.
Lyons will take over from Ralph Jones, who will be retiring at the end of his five-year employment term on July 1, 2008. Dinos Iordanou, President and CEO of Arch Capital Group, praised Jones’ efforts on behalf of Arch over the last five years.
Lyons, 51, has served as President and COO of Arch Insurance Group since June 2006. He has also served in various senior executive positions for Arch Insurance Group, including Senior Vice President of group operations and Chief Actuary. Prior to joining Arch, he was Executive Vice President of product services at Zurich U.S. and Vice President and Actuary at Berkshire Hathaway Insurance Group.
Source: Arch Capital Group – http://www.archcapgroup.bm
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