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HAMILTON, Bermuda—Mark D. Lyons will become executive vp and CFO of Arch Capital Group Ltd. effective Sept.1, the insurer and reinsurer said Wednesday.
Mr. Lyons joined the company in 2002 and currently serves as chairman and CEO of Arch Worldwide Insurance Group, Hamilton, Bermuda-based Arch said in a statement. David McElroy, currently president of Arch Financial & Professional Liability Group, will succeed Mr. Lyons as chairman and CEO of Arch Worldwide.
Arch Capital Chairman, President and CEO Constantine Iordanou said the Mr. Lyons’ appointment demonstrates the depth of the company’s management team.
“With Mark’s guidance, our insurance business has continued to establish itself as a significant participant in the worldwide insurance marketplace,” Mr. Iordanou said in a statement. “I look forward to continuing to partner with Mark in his new role in executing our long-term business plan.”
Mr. Lyons replaces John C.R. Hele, who was announced as the new executive vp and CFO of New York-based MetLife Inc. on Wednesday.