Arch Capital Group secures new president and CUO

Moreover, Papadopoulo will oversee the technique and innovation staff at Arch.

“I’m excited and humbled to tackle this new position and sit up for persevering with to work carefully with Marc, our sturdy govt staff, and staff all through our group,” commented the elevated chief.

“With Maamoun Rajeh working reinsurance; David Gansberg main mortgage; our present insurance coverage management staff of Matt Shulman, Hugh Sturgess, and John Mentz; and Jay Rajendra main technique and innovation, I imagine we’re effectively positioned to reach right now’s market and to proceed our sturdy historical past of managing our companies all through the cycle.”

The place of president was beforehand concurrently held by the group’s present boss, whose remit is focussed on long-term technique.

Congratulating Papadopoulo on the “well-deserved promotion,” Grandisson acknowledged: “His underwriting acumen is second to none and, as a founding member of our firm, he has a demonstrated monitor document of success throughout a number of high-profile roles.

“Nicolas has a powerful understanding of our companies and, by aligning our three segments beneath his management, we are going to profit from extra focus and coordination as our firm continues its development trajectory. With Nicolas’s operational oversight of the segments, I’ll be capable to proceed to concentrate on Arch’s long-term strategic priorities and fostering our distinctive, entrepreneurial tradition.”

With roughly US$15.2 billion in capital as of the top of September 2020, Arch globally supplies insurance coverage, reinsurance, and mortgage insurance coverage by way of its wholly owned subsidiaries.

— to www.insurancebusinessmag.com

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