Arch Capital Group Ltd., a Bermuda-based insurer and reinsurer, has named Nicolas Papadopoulo as the new Chief Executive Officer, succeeding Marc Grandisson who is set to retire from the company. Papadopoulo will also be joining the company’s Board of Directors immediately.
Papadopoulo has been serving as the President and Chief Underwriting Officer since 2021, with a long history at Arch Capital Group Ltd. dating back to 2001. He has held various leadership and underwriting roles within the company, including Chairman and Chief Executive Officer of Arch Worldwide Insurance Group and Chief Underwriting Officer for Property and Casualty Operations.
In a statement regarding his appointment, Papadopoulo expressed his excitement for the opportunity to lead the company and highlighted Arch’s unique culture focused on delivering value to shareholders and clients. He emphasized that the company’s strategies of cycle management and capital allocation will remain top priorities under his leadership.
Grandisson, who has been the CEO since 2018 and has been with Arch since 2001, expressed gratitude for his time with the company and confidence in Papadopoulo as his successor. The Board of Directors also thanked Grandisson for his leadership and contributions to Arch over the past two decades.
John Pasquesi, the Chair of the Board, praised Grandisson for his role in driving the company’s growth and profitability, establishing Arch as a market-leading global specialty insurer. Pasquesi expressed confidence in Papadopoulo’s experience and expertise, stating that he is the ideal person to lead Arch into the future and drive growth and value for shareholders.
The announcement of Papadopoulo as the new CEO marks a significant transition for Arch Capital Group Ltd., with the Board expressing optimism about the company’s future under his leadership. As Arch continues to position itself for success in the reinsurance industry, the appointment of Papadopoulo reflects a strategic decision to ensure continued growth and value for all stakeholders.
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