Howard Hughes Holdings said July 16 it is reshaping leadership at Vantage Group Holdings, naming Marc Grandisson executive chairman immediately and designating David Gansberg as chief executive once his non-compete obligations expire by June 2027.
Grandisson, who ran Arch Capital Group as CEO from 2018 until his retirement in 2024, is being brought in to help steer Vantage through its next phase. During his tenure at Arch, the company delivered a total shareholder return of 298%, equal to 23.2% a year.
Gansberg, who most recently served as president of Arch Capital beginning Nov. 7, 2024, will take over as CEO after the restriction period ends. At Arch, he had primary accountability for the global insurance group, including North American and international insurance operations. Earlier, he led Arch Mortgage Insurance as president and CEO from February 2013 through February 2019.
Greg Hendrick, who co-founded Vantage in 2020 and has served as CEO since then, will remain in the role until Gansberg steps in. Grandisson will work with Hendrick and the Vantage leadership team during the transition.
Howard Hughes did not disclose financial terms of the leadership change. The announcement comes nearly six years after Vantage was established in late 2020 as a reinsurance and specialty insurance platform and after Howard Hughes later brought the business under its umbrella as a subsidiary. Following these announcements, the company's shares moved -2.4%, and are now trading at a price of $70.32. For the full picture, make sure to review Howard Hughes's 8-K report.
