Howard Hughes Holdings Inc., a U.S.-based diversified real estate and holding company with expanding interests in real estate development and financial services, has appointed Marc Grandisson to its Board of Directors, effective May 7, 2026.
Marc Grandisson is the former Chief Executive Officer of Arch Capital Group Ltd., a global insurance and reinsurance company specializing in property and casualty insurance, mortgage insurance and reinsurance.
He served as CEO from 2018 until his retirement in 2024 and was a member of the founding team of Arch Capital since 2001. During his tenure, he achieved significant growth and helped Arch Capital become a leading global insurance group known for strong profitability and scale.
The appointment comes at a critical time as Howard Hughes moves toward completing its expected acquisition of Vantage Group Holdings this quarter. The agreement to acquire Vantage Group Holdings is valued at approximately $2.1 billion. The integration of Vantage, a specialist insurance and reinsurance company, is intended to play a central role in Howard Hughes’ transformation into a wider diversified holding company structure.
As part of the appointment, Grandisson will invest $10 million in warrants to purchase 1,131,273 shares of Howard Hughes common stock at fair market value. The warrants have an exercise price of $100 per share, have a term of five years and are subject to restrictions on sale, transfer or hedge within four years.
He will join the board as a designated director of Pershing Square, replacing Ben Hakim. In addition, he plans to become a partner of Pershing Square in March 2027, at which time he will receive a one-time grant of 400,000 restricted stock units from Pershing Square Inc. The units will vest over four years. Pershing Square Inc. is expected to become the future parent company of Pershing Square Capital Management, LP
“Marc is considered one of the greatest insurance company CEOs of his generation, known for his expertise in cycle management and driving long-term profitability and diversified growth,” commented HHH Executive Chairman Bill Ackman.
“Under Marc’s leadership, first as President and then as CEO of Arch, Arch established itself as one of the world’s preeminent specialty insurers and reinsurers. During his nearly seven-year tenure as CEO, Arch achieved a total shareholder return of 298%, or 23.2% annually, compared with returns of 144% and 14.4% for the S&P Insurance Index during the same period. 1 Marc “His early career included foundational experience working with outstanding individuals, including Ajit Jain at Berkshire Hathaway and Paul Ingrey at F&G Re. Insurance executives will benefit from Marc’s exceptional experience and wise counsel.”
“Howard Hughes is at an important turning point in the company’s history, and I am honored to join the board of directors to help the company realize its long-term strategic vision,” Grandison added. “I look forward to working with my fellow directors to help build a great company and create long-term value for shareholders.”
