Nicolas Papadopoulo Named President and Chief Underwriting Officer of Arch Capital Group Ltd.
29 Décembre 2020 - 3:00PM
Business Wire
New Role is Effective Jan. 1, 2021
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that
Nicolas Papadopoulo will be promoted to the position of President
and Chief Underwriting Officer, effective Jan. 1, 2021. Papadopoulo
joined Arch in 2001 and currently serves as Chairman and CEO of
Arch Worldwide Insurance Group and Chief Underwriting Officer for
Property and Casualty Operations. In his expanded role, Papadopoulo
will continue to report to Marc Grandisson, CEO of ACGL, and will
have responsibility for Arch’s three operating segments —
Insurance, Reinsurance and Mortgage — as well as oversight of the
Strategy and Innovation team.
“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,” said Grandisson.
“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 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 ACGL 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.”
Papadopoulo has held his current role since September 2017.
Previously he was Chairman and Chief Executive Officer of Arch
Reinsurance Group. Papadopoulo graduated from École Polytechnique
in France and École Nationale de la Statistique et de
l’Administration Economique in France with a master’s degree in
statistics. He is also a Member of the International Actuarial
Association and a Fellow at the French Actuarial Society.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a Bermuda-based company with
approximately $15.2 billion in capital at Sept. 30, 2020, provides
insurance, reinsurance and mortgage insurance on a worldwide basis
through its wholly owned subsidiaries.
Cautionary Note Regarding Forward-looking Statements
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward−looking statements. This release or any
other written or oral statements made by or on behalf of Arch
Capital Group Ltd. and its subsidiaries may include forward−looking
statements, which reflect our current views with respect to future
events and financial performance. All statements other than
statements of historical fact included in or incorporated by
reference in this release are forward−looking statements.
Forward−looking statements can generally be identified by the
use of forward−looking terminology such as "may," "will," "expect,"
"intend," "estimate," "anticipate," "believe" or "continue" or
their negative or variations or similar terminology.
Forward−looking statements involve our current assessment of risks
and uncertainties. Actual events and results may differ materially
from those expressed or implied in these statements. A
non-exclusive list of the important factors that could cause actual
results to differ materially from those in such forward-looking
statements includes the following: adverse general economic and
market conditions; increased competition; pricing and policy term
trends; fluctuations in the actions of rating agencies and the
Company’s ability to maintain and improve its ratings; investment
performance; the loss of key personnel; the adequacy of the
Company’s loss reserves, severity and/or frequency of losses,
greater than expected loss ratios and adverse development on claim
and/or claim expense liabilities; greater frequency or severity of
unpredictable natural and man-made catastrophic events,
including pandemics such as COVID-19; the impact of acts of
terrorism and acts of war; changes in regulations and/or tax laws
in the United States or elsewhere; the Company’s ability to
successfully integrate, establish and maintain operating procedures
as well as consummate acquisitions and integrate the businesses the
Company has acquired or may acquire into the existing operations;
changes in accounting principles or policies; material differences
between actual and expected assessments for guaranty funds and
mandatory pooling arrangements; availability and cost to the
Company of reinsurance to manage the Company’s gross and net
exposures; the failure of others to meet their obligations to the
Company; changes in the method for determining the London
Inter-bank Offered Rate (“LIBOR”) and the potential replacement of
LIBOR and other factors identified in the Company’s filings with
the U.S. Securities and Exchange Commission (“SEC”).
The foregoing review of important factors should not be
construed as exhaustive and should be read in conjunction with
other cautionary statements that are included herein or elsewhere.
All subsequent written and oral forward−looking statements
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these cautionary statements. The
Company undertakes no obligation to publicly update or revise any
forward−looking statement, whether as a result of new information,
future events or otherwise.
arch-corporate
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Arch Capital Services Inc. Greg Hare 678.462.8647
Arch Capital (NASDAQ:ACGL)
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