Arch Capital, the Bermuda headquartered specialty insurance and reinsurance group, has announced the promotion of Nicolas Papadopoulo to President and Chief Underwriting Officer (CUO) of the Group.
In his new role, Papadopoulo will take on oversight and responsibility for Arch Capital’s three core operating segments, its Insurance, Reinsurance and Mortgage underwriting businesses, as well as taking oversight of the Strategy and Innovation team at the firm.
Most recently, Papadopoulo was Chairman and CEO of Arch Worldwide Insurance Group and Chief Underwriting Officer for its Property and Casualty Operations.
He joined Arch Capital in 2001 and worked his way up to Chairman and Chief Executive Officer of Arch Reinsurance Group, before taking his most recent position in 2017.
With experience across the market chain, Papadopoulo will now lead underwriting operations across all core business units and he will will continue to report to Marc Grandisson, CEO of Arch Capital.
“I would like to congratulate Nicolas on this well-deserved promotion. His underwriting acumen is second to none and, as a founding member of our company, he has a demonstrated track record of success across several high-profile roles,” Grandisson commented. “Nicolas has a strong understanding of our businesses and, by aligning our three segments under his leadership, we will benefit from additional focus and coordination as our company continues its growth trajectory. With Nicolas’ operational oversight of the segments, I’ll be able to continue to focus on Arch’s long-term strategic priorities and fostering our unique, entrepreneurial culture.”
Papadopoulo added, “I am excited and humbled to take on this new role and look forward to continuing to work closely with Marc, our strong executive team and employees throughout our organization. With Maamoun Rajeh running Reinsurance, David Gansberg leading Mortgage, our current Insurance leadership team of Matt Shulman, Hugh Sturgess and John Mentz, and Jay Rajendra leading Strategy and Innovation, I believe we are well positioned to succeed in today’s market and to continue our strong history of managing our businesses throughout the cycle.”
John Pasquesi, Chairman of the Board of ACGL also commented, “On behalf of the Board of Directors, I want to congratulate Nicolas on this significant accomplishment. I have worked with Nicolas for nearly 20 years and am confident he will continue to find ways to unlock value for our shareholders.”