Bermudian-based Arch Capital Group Ltd has promoted Prashant Nema to the post of executive vice-president and deputy chief operations officer.

Mr Nema has been EVP and chief information officer since 2020.

In this new role, he will retain CIO responsibilities while adding oversight of Arch’s global services organisation.

He will continue to report to Chris Hovey, chief operations officer of Arch, who said: “Prashant’s IT leadership has played a critical role in Arch’s ability to scale, and he is well-deserving of these expanded responsibilities.

“Now he will also be tasked with ensuring we are able to tap into the global talent pools that will be critical as we look to embrace opportunities worldwide.”

Before joining Arch in 2015, Mr Nema was chief technology officer and founder of a mobile commerce start-up. He also held senior IT roles at Silicon Valley Bank, including serving as its CIO from 2010 to 2013.

Meanwhile, Arch Insurance International announced the promotion of Elizabeth Thompson to offshore energy underwriting manager and the appointment of James Brown as a senior energy adviser.