Arch Capital Group Ltd. (NASDAQ: ACGL), a provider of insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries, announced the promotion of Nicolas Papadopoulo as CEO.
Papadopoulo, who is also joining the company’s board of directors, has served as president and chief underwriting officer since 2021, will succeed Marc Grandisson, who has served as CEO since 2018 and has decided to retire from the company. Papadopolou joined the company as an underwriter for Arch Re Bermuda in 2001 and held several executive positions over the years, including chairman and CEO of Arch Worldwide Insurance Group and chairman and CEO of Arch Reinsurance Group at Arch Capital Group Ltd.
“Consistent with the board’s robust succession planning process, we believe Nicolas’ experience and expertise make him the ideal person to lead Arch going forward to drive growth and value for all shareholders,” said John Pasquesi, chairman of the board. “We look forward to working with Nicolas as CEO, and the entire leadership team, as we position Arch for even greater success in the future.”
Photo: Nicolas Papadopoulo
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