Arch Capital appoints new CEO

Bermuda-based Arch Capital Group (ACGL) has promoted president and chief operating officer (COO) Marc Grandisson to the position of CEO, replacing Constantine Iordanou.

Iordanou has been chairman of the board of ACGL since Nov. 2009 and CEO of ACGL since August 2003. He will retain his position as the chairman.

Grandisson has also been appointed to the board of directors of ACGL and the executive committee of the board.

Grandisson joined Arch Reinsurance in October 2001 as chief actuary. He has been the chairman and CEO of Arch Worldwide Reinsurance Group from 2005 to 2015, and the chairman and CEO of Arch Worldwide Mortgage Group from February 2014 to December 2015. He became president and COO of ACGL on Jan. 1, 2016.

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