Howard Hughes Holdings Inc., a US-based diversified real estate and holding company with expanding interests across property 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 insurer and reinsurer specialising in property and casualty insurance, mortgage insurance, and reinsurance.
He served as CEO from 2018 until his retirement in 2024 and was part of Arch Capital’s founding team from 2001. During his tenure, he oversaw significant growth that helped establish Arch Capital as a leading global insurance group known for strong profitability and scale.
The appointment aligns with a key period for Howard Hughes as it moves toward completing its expected acquisition of Vantage Group Holdings this quarter. The agreed acquisition of Vantage Group Holdings is valued at approximately $2.1 billion. Vantage is a specialty insurance and reinsurance firm, and its integration is intended to play a central role in Howard Hughes’ shift toward a broader diversified holding company structure.
As part of the appointment, Grandisson will invest $10 million to acquire warrants, at fair market value, for 1,131,273 shares of Howard Hughes common stock. The warrants carry a $100 strike price per share, have a five-year term, and are subject to a four-year restriction on sale, transfer, or hedging.
He will join the board as a Pershing Square-designated director, replacing Ben Hakim. In addition, he is scheduled to become a partner at Pershing Square in March 2027, at which time he will receive a one-time grant of 400,000 restricted stock units in Pershing Square Inc. These units will vest over four years. Pershing Square Inc. is expected to serve as the future parent company of Pershing Square Capital Management, L.P.
“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 of Arch and then as CEO, Arch established itself as one of the world’s preeminent specialty insurers and reinsurers. During his nearly seven-year tenure as CEO, Arch delivered a total shareholder return of 298%, or 23.2% per annum, compared to 144% and 14.4% for the S&P Insurance Index over the same period.1 Marc’s early career included foundational experience working with extraordinary insurance executives including Ajit Jain from Berkshire Hathaway and Paul Ingrey at F&G Re. We will greatly benefit from Marc’s extraordinary experience and wise counsel.”
“Howard Hughes is at an important inflection point in its history, and I am honored to join the board to help the company achieve its long-term strategic vision,” added Grandisson. “I look forward to working alongside my fellow directors to help build a great company and to create long-term value for shareholders.”
