Constantine 'Dinos' Iordanou, former Arch CEO, has died.
Iordanou served as CEO for the carrier for 17 years before passing the reins to Marc Grandisson.
He also served as chairman at Vantage – an insurance start-up he launched together with Greg Hendrick, the company’s CEO – since 2020.
In 2001, Iordanou partnered with industry veterans Paul Ingrey and the late Robert Clements to raise the capital to open Bermuda-based (re)insurance business, Arch, looking to tap into post-9/11 pricing.
He joined the fledgling carrier to help create its insurance business, before replacing Peter Appel as the company’s president and CEO in August 2003.
He held the position of CEO until March 2018, when current CEO Grandisson took over from him as part of a planned succession.
During his career, Iordanou worked for some of the most famous companies in the industry, such as AIG, Berkshire Hathaway and Zurich.
In an announcement from Arch, seen by Insurance Insider, Grandisson said of Iordanou: "His leadership, tenaciousness and unwavering commitment laid much of the foundation for the company’s current success.
“He was a dear friend to many of us and will be sorely missed."
Vantage Risk said: "We are profoundly saddened by the loss of Dinos Iordanou, Vantage Risk’s non-executive board chairman. A friend, mentor and colleague, Dinos was instrumental in Vantage’s founding and a champion for its success.
“He was a remarkable businessman, generous philanthropist and devoted family man. He will be deeply missed."
The Association of Bermuda Insurers and Reinsurers (ABIR) CEO and president John M Huff added that the “entire international re/insurance industry mourns the passing of entrepreneur, Mr Dinos Iordanou, who was a booming voice for Bermuda”.
“Dinos was a tremendous leader, mentor and industry icon, particularly in his founding role of Arch Capital Group as a Bermuda-based powerhouse since its post-9/11 start-up. The market greatly benefited from Dinos’s guidance as a long-time board member of ABIR including a term as chair from 2011-12. ABIR expresses its sincere condolences to the Iordanou family and all those whose lives were touched by this industry giant.”