Bermuda-based Arch Capital Group Ltd. announced that Marc Grandisson has been promoted to the position of chairman and CEO of Arch Worldwide Reinsurance Group, effective immediately.
He succeeds Dwight Evans, one of the founders of the company’s reinsurance operations. The bulletin also announced that: “Mr. Evans, who joined the company in 2001 to build Arch’s reinsurance group with Paul Ingrey, the company’s chairman, Mr. Grandisson and John Rathgeber, president and CEO of Arch Reinsurance Company (U.S.), will be leaving the company.”
In addition, Nicolas Papadopoulo, chief underwriting officer of Arch Reinsurance Ltd. (Bermuda), who also has been with the company since 2001, has been promoted to the position of president and CEO of Arch Reinsurance Ltd.
Ingrey commented: “It has been a pleasure working with Dwight in establishing Arch as a significant participant in the worldwide reinsurance marketplace. His values, integrity and market knowledge were of enormous benefit to our company, and we all at Arch wish him well.”
Arch President and CEO Dinos Iordanou added: “We are grateful to Dwight for his leadership and dedication over the past four years. We are very pleased that Marc will lead our reinsurance operations into the future. Our ability to promote from within the company is another indication of the depth and strength of the management team we have built at Arch. Under the guidance of Marc and the other members of the senior team, the strategic direction of the company will not change.”
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