Arch Capital Group Ltd has promoted Nicolas Papadopoulo to the position of president and chief underwriting officer, effective January 1, 2021.

Mr Papadopoulo joined Arch in 2001 and currently serves as chairman and chief executive officer of Arch Worldwide Insurance Group and chief underwriting officer for property and casualty operations.

In his expanded role, Mr Papadopoulo will continue to report to Marc Grandisson, CEO of Arch Capital, and will have responsibility for Arch’s three operating segments – insurance, reinsurance and mortgage – as well as oversight of the strategy and innovation team.

Mr 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’s 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."

Mr 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 organisation.“

John Pasquesi, chairman of Arch, 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 CEO of Arch Reinsurance Group.

Mr 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.