Arch shuffles leadership roles

Arch Capital has appointed Nicolas Papadopoulo - the current chairman and CEO of Arch Worldwide Reinsurance Group - as the chairman and CEO of Arch Worldwide Insurance Group and chief underwriting officer for property and casualty operations, effective October 1, 2017.

Papadopoulo succeeds David McElroy, who will be transitioning from this role to spend more time with his family. He will continue serving as vice chairman of Arch Worldwide Insurance Group.

Maamoun Rajeh - who currently serves as president and CEO of Arch Re in Bermuda - has been promoted to the position of Arch Worldwide Reinsurance Group.

Dinos Iordanou, chairman of the board and CEO of Arch Capital Group, commented: “Our ability to promote from within is another indication of the depth and strength of the management team we have built at Arch. Under the leadership of the continuing senior teams led by Nicolas and Maamoun, the strategic direction of the company will not change. We are confident that our insurance and reinsurance operations will continue to deliver outstanding results for our shareholders and clients.”

Marc Grandisson, president and COO of Arch Capital Group, added: “Having worked with Nicolas and Maamoun since the inception of Arch, I have a lot of confidence in them and am very pleased that they will lead our talented insurance and reinsurance teams. We also appreciate David’s significant contributions over the past eight years and are extremely pleased with his continued active participation with the company moving forward.”

McElroy commented: “It has been a pleasure working with our top notch insurance group team in continuing to establish Arch as a significant participant in the worldwide insurance marketplace, and I am confident that the existing insurance leadership team led by Nicolas will build on our success. I look forward to continuing to contribute to the Company through my ongoing role and working with Nicolas to ensure a smooth management transition.”

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

Allianz appoints new heads for Germany, Italy after resignation

M7.1 earthquake hits Mexico, insured cost from previous one at up to $1.12bn

Willis Re NA hires Third Point Re exec as chairman, appoints vice-chair from Marsh

Hurricane Maria to test Caribbean/Puerto Rican insurers

XL Group chooses Dublin as EU headquarters in Brexit move

Hurricane Irma property damage at up to $65bn: CoreLogic

HISCOX appoints special advisor on cyber security

Castel Specialty launches Castel Transact in expansion move

Don't miss our insurtech email newsletter - sign up today