Arch Capital Group Ltd. Announces Leadership Transition
Arch Capital Group (NASDAQ: ACGL) has announced a leadership transition, with Nicolas Papadopoulo appointed as the new Chief Executive Officer, effective immediately. Papadopoulo, who has been with the company since 2001, will also join the Board of Directors. He replaces Marc Grandisson, who is retiring after serving as CEO since 2018.
Papadopoulo has held various leadership roles at Arch, most recently serving as President and Chief Underwriting Officer since 2021. The Board of Directors expressed confidence in Papadopoulo's ability to drive growth and value for shareholders. Papadopoulo stated that Arch's existing strategies of cycle management and thoughtful capital allocation will remain the company's priorities.
The leadership change comes as Arch Capital Group has established itself as a market-leading, global specialty insurer, experiencing significant growth and profitability over the past two decades.
Arch Capital Group (NASDAQ: ACGL) ha annunciato un cambiamento nella leadership, con Nicolas Papadopoulo nominato nuovo Amministratore Delegato, con effetto immediato. Papadopoulo, che è con l'azienda dal 2001, entrerà anche a far parte del Consiglio di Amministrazione. Sostituisce Marc Grandisson, che si sta ritirando dopo aver ricoperto il ruolo di CEO dal 2018.
Papadopoulo ha ricoperto vari ruoli di leadership in Arch, servendo più recentemente come Presidente e Chief Underwriting Officer dal 2021. Il Consiglio di Amministrazione ha espresso fiducia nella capacità di Papadopoulo di guidare la crescita e il valore per gli azionisti. Papadopoulo ha dichiarato che le strategie esistenti di Arch relative alla gestione dei cicli e all'allocazione ponderata del capitale rimarranno le priorità dell'azienda.
Il cambiamento nella leadership arriva mentre Arch Capital Group si è affermato come un assicuratore globale specializzato leader di mercato, registrando una crescita e una redditività significative negli ultimi due decenni.
Arch Capital Group (NASDAQ: ACGL) ha anunciado una transición de liderazgo, con Nicolas Papadopoulo nombrado nuevo Consejero Delegado, con efecto inmediato. Papadopoulo, quien ha estado en la empresa desde 2001, también se unirá a la Junta Directiva. Sustituye a Marc Grandisson, quien se retira después de haber sido CEO desde 2018.
Papadopoulo ha ocupado varios cargos de liderazgo en Arch, más recientemente como Presidente y Chief Underwriting Officer desde 2021. La Junta Directiva expresó confianza en la capacidad de Papadopoulo para impulsar el crecimiento y el valor para los accionistas. Papadopoulo declaró que las estrategias existentes de Arch relacionadas con la gestión de ciclos y la asignación de capital reflexiva seguirán siendo las prioridades de la empresa.
El cambio de liderazgo se produce mientras Arch Capital Group se ha establecido como un asegurador especializado global líder en el mercado, experimentando un crecimiento y rentabilidad significativos en las últimas dos décadas.
Arch Capital Group (NASDAQ: ACGL)가 니콜라스 파파도풀로를 새로운 CEO로 임명하며 리더십 전환을 발표했습니다. 즉시 발효됩니다. 파파도풀로는 2001년부터 회사에 재직해 왔으며, 이사회에도 합류할 예정입니다. 그는 2018년부터 CEO로 재직해온 마크 그란디슨을 대체합니다, 퇴임합니다.
파파도풀로는 Arch에서 다양한 리더십 역할을 맡아 왔으며, 가장 최근에는 2021년부터 사장 겸 Chief Underwriting Officer로 활동했습니다. 이사회는 파파도풀로의 성장을 이끌고 주주들에게 가치를 제공할 능력에 대한 신뢰를 표명했습니다. 파파도풀로는 Arch의 기존 사이클 관리 및 신중한 자본 할당 전략이 회사의 우선 사항으로 남을 것이라고 말했습니다.
리더십 변화는 Arch Capital Group이 시장을 선도하는 글로벌 전문 보험사로 자리매김하고, 지난 20년간 상당한 성장과 수익성을 경험하고 있다는 점에서 이루어졌습니다.
Arch Capital Group (NASDAQ: ACGL) a annoncé une transition de leadership, avec Nicolas Papadopoulo nommé nouveau Directeur Général, effectif immédiatement. Papadopoulo, qui est dans l'entreprise depuis 2001, rejoindra également le Conseil d'Administration. Il remplace Marc Grandisson, qui part à la retraite après avoir été PDG depuis 2018.
Papadopoulo a occupé divers rôles de leadership chez Arch, occupant le poste de Président et Chief Underwriting Officer depuis 2021. Le Conseil d'Administration a exprimé sa confiance en la capacité de Papadopoulo à stimuler la croissance et la valeur pour les actionnaires. Papadopoulo a déclaré que les stratégies existantes d'Arch en matière de gestion des cycles et d'allocation de capital réfléchie resteront les priorités de l'entreprise.
Ce changement de leadership intervient alors qu'Arch Capital Group s'est imposé comme un assureur spécialisé mondial de premier plan, connaissant une croissance et une rentabilité significatives au cours des deux dernières décennies.
Arch Capital Group (NASDAQ: ACGL) hat einen Führungswechsel angekündigt, bei dem Nicolas Papadopoulo als neuer Chief Executive Officer ernannt wird, wirksam sofort. Papadopoulo ist seit 2001 im Unternehmen und wird auch dem Vorstand beitreten. Er ersetzt Marc Grandisson, der in den Ruhestand geht, nachdem er seit 2018 CEO war.
Papadopoulo hat verschiedene Führungsrollen bei Arch innegehabt, zuletzt als Präsident und Chief Underwriting Officer seit 2021. Der Vorstand äußerte Vertrauen in die Fähigkeit von Papadopoulo, Wachstum und Wert für die Aktionäre zu fördern. Papadopoulo erklärte, dass die bestehenden Strategien von Arch zur Zyklusverwaltung und zur durchdachten Kapitalzuweisung weiterhin Priorität für das Unternehmen haben werden.
Der Führungswechsel erfolgt, während sich Arch Capital Group als marktführender globaler Fachversicherer etabliert hat und in den letzten zwei Jahrzehnten ein signifikantes Wachstum und Rentabilität erfahren hat.
- Smooth leadership transition with an internal candidate who has extensive experience with the company
- Continuity in company strategy, focusing on cycle management and capital allocation
- Company has achieved record success and established itself as a market-leading global specialty insurer
- Potential disruption due to CEO change
- Loss of long-term leadership with Marc Grandisson's retirement
Nicolas Papadopoulo Appointed CEO
Marc Grandisson to Retire
PEMBROKE,
Marc Grandisson, who has served as CEO since 2018 and has been with Arch since 2001, has decided to retire from the Company.
“On behalf of the entire Board, I would like to thank Marc for his leadership and significant contributions to Arch over the past two decades, during which Arch experienced outstanding growth and profitability and established itself as a market-leading, global specialty insurer,” said John Pasquesi, Chair of the Board. “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. 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.”
“I am excited for the opportunity to lead this exceptional company, alongside the Board and our existing leadership team,” Papadopoulo said. “Arch has a unique culture focused on delivering the greatest value to our shareholders and clients. This, along with our incredibly talented employees, has resulted in Arch achieving record success since its formation. Our existing strategies of cycle management and thoughtful capital allocation remain the Company’s priorities.”
Papadopoulo has been the President and Chief Underwriting Officer of Arch and Chief Executive Officer of Arch Worldwide Insurance Group since January 1, 2021. From September 2017 to December 2020, Papadopoulo was Chairman and Chief Executive Officer of Arch Worldwide Insurance Group and Chief Underwriting Officer for Property and Casualty Operations. From July 2014 to September 2017, Papadopoulo was Chairman and Chief Executive Officer of Arch Reinsurance Group at Arch Capital Group Ltd. He joined Arch Re Bermuda in December 2001 where he held a variety of underwriting roles. Papadopoulo graduated from École Polytechnique in
“I’m incredibly grateful for the opportunity to have been a part of the founding team that helped build and grow Arch to where it is today,” said Grandisson. “I am proud to pass the baton to Nicolas, who is the right leader to take Arch into the future for our clients, employees and investors. Finally, thank you to our world-class employees for their hard work and passion, to our Board for their guidance, and to our clients who place their trust in us year after year.”
About Arch Capital Group Ltd.
Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed
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 the Company’s 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 the Company’s 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 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 the Company’s behalf are expressly qualified in their entirety by these cautionary statements. The Company’s forward-looking statements speak only as of the date of this press release or as of the date they are made, and 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241014299341/en/
Media Contacts:
Greg Hare ghare@archgroup.com
Stephanie Perez stperez@archgroup.com
Source: Arch Capital Group Ltd.
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