Arch Capital Group Ltd yesterday announced a slew of promotions in its reinsurance group to support the recent expansion of the company’s mortgage insurance and reinsurance operations.

Marc Grandisson recently became chairman and CEO of Arch Worldwide Reinsurance and Mortgage Groups, responsible for the Arch’s global reinsurance and mortgage operations. Mr Grandisson has been with the Company since 2001 and has led the company’s reinsurance group since 2005. He reports to Constantine (Dinos) Iordanou, chairman and CEO of Arch.

Nicolas Papadopoulo has been promoted to the position of CEO Reinsurance Group. He will have direct responsibility for global reinsurance operations and will report to Mr Grandisson. Mr Papadopoulo has been with the Company since 2001 and most recently served as chairman and CEO of Arch Reinsurance Ltd, based in Bermuda (Arch Re Bermuda).

Maamoun Rajeh, who is president and CEO of Arch Reinsurance Europe Underwriting Ltd (Arch Re Europe), will become chairman and CEO of Arch Re Bermuda, reporting to Mr Papadopoulo. Mr Rajeh has been with the Company since 2001.

Scott Stirling also recently joined Arch Re Bermuda and will assume the position of chief underwriting officer of Arch Re Bermuda. Mr Stirling has over 30 years of reinsurance underwriting experience and most recently served as vice-president — underwriting officer of Berkshire Hathaway, where he previously worked with Mr Grandisson and other members of the company’s senior team. The above changes are subject to applicable immigration approvals.

Michael Hammer, who is head, Credit and Surety of Arch Re Europe, will succeed Mr Rajeh as CEO of Arch Re Europe, subject to the approval of the Central Bank of Ireland. Mr Hammer has been with the Company since 2012 and has over 20 years of reinsurance industry experience. Additionally, Pierre Jal has been promoted to the new position of chief underwriting officer of Arch Re Europe. Mr Jal joined the Company in 2007 and most recently served as chief underwriting officer, Property and Casualty of Arch Re Europe.

Mr Iordanou said: “The new promotions and management changes will support the expansion of our mortgage insurance and reinsurance business. Our ability to promote from within is another indication of the depth and strength of the management team we have built at Arch.

“Having worked with Marc, Nicolas and the other members of the senior team for many years, I have a lot of confidence in them and am very pleased that they will lead our reinsurance operations into the future.”