Arch Capital Group announced that Marc Grandisson, FCAS, MAAA, has been promoted to the position of president and chief operating officer. He joined Arch Capital Group in 2001 and previously served as chairman and CEO of Arch Worldwide Reinsurance and Mortgage Groups. In his new role, Grandisson will have responsibility for all of the company’s operating units, insurance, reinsurance and mortgage. Prior to his time at Arch Capital Group, Grandisson held various senior positions at Berkshire Hathaway and F&G Re.
Selective Insurance Group announced that Nathan Rugge, FCAS, MAAA, has been promoted to assistant vice president, actuarial pricing. Rugge joined Selective in November 2009 as an actuarial assistant. He earned his bachelor’s degree in actuarial science and finance from Rider University in New Jersey.
Ohio Mutual Insurance Group has named Susan E. Kent, FCAS, CPCU, to serve as the company’s vice president & chief analytics officer, effective February 1. In this role, Kent will be charged with obtaining and leveraging industry analytics to help the company drive business success. Kent served in a number of roles on the research and development team over the past 16 years for Nationwide Insurance and Nationwide Bank.
The CAS has named Richard W. Gorvett, FCAS, CERA, MAAA, Ph.D., as its first staff actuary. The staff actuary will act as an in-house advisor to the organization, offering the perspective of an experienced property-casualty actuary on issues related to thought leadership, content development, strategic planning and communications. Gorvett is a 30-year veteran of the insurance industry and a longtime member of the CAS with a background in both corporate and academic practice. Gorvett has served as director of the actuarial science program at University of Illinois at Urbana-Champaign since 2004.
