Nicolas Papadopoulo, the Chairman and Chief Executive Officer (CEO) of Arch Worldwide Insurance Group and Chief Underwriting Officer (CUO) for Property and Casualty Operations at Arch Capital Group Ltd., has been promoted to President and CUO, effective January 1st, 2021.
Papadopoulo joined the insurer and reinsurer in 2001, and in his expanded position, will continue to report to Marc Grandisson, CEO of Arch Capital Group.
In his new role, he will have responsibility for the company’s insurance, reinsurance, and mortgage operating segments, alongside oversight of the Strategy and Innovation team.
Commenting on the promotion, Grandisson said: “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.
“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 has served in his current role since 2017, having previously held the role of Chairman and CEO of Arch Reinsurance Group.
On his new position, Papadopoulo said: “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 Arch Capital Group, added: “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.”