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Maamoun Rajeh

President of Arch Capital Group Ltd. and Chairman & CEO of Arch Worldwide Reinsurance Group at ARCH CAPITAL GROUP
Since November 7, 2024
Age
54 years
Education
Holds a Bachelor of Science degree from The Wharton School of Business at the University of Pennsylvania and is a Chartered Property Casualty Underwriter.
Tenure
Joined in 2001 as an underwriter at Arch Re Bermuda and was subsequently promoted through roles including Chief Underwriting Officer, President and CEO of Arch Reinsurance Europe, Chairman and CEO of Arch Re Bermuda, and currently serves as Chairman & CEO of Arch Worldwide Reinsurance Group since October 2017 and President of Arch Capital Group Ltd. since November 07, 2024.

Also at ARCH CAPITAL GROUP

DG
David Gansberg
President of Arch Capital Group Ltd.
FM
Françoise Morin
Executive Vice President, Chief Financial Officer, and Treasurer

About

Aged 54 , this executive holds a Bachelor of Science degree from The Wharton School of Business at the University of Pennsylvania and is also a Chartered Property Casualty Underwriter.

Beginning his career in underwriting and business analysis in the early 1990s, he joined Arch Capital Group Ltd. as an underwriter at Arch Re Bermuda in 2001. His career includes successive promotions that advanced his expertise and leadership in the reinsurance industry.

He later assumed significant leadership roles by becoming Chairman & CEO of Arch Worldwide Reinsurance Group in October 2017 and further taking on the role of President of Arch Capital Group Ltd. in November 2024. His strategic leadership is marked by record achievements, including a substantial increase in gross premium and bottom-line profit in 2023.

Past Roles

OrganizationRoleDate RangeDetails
Arch Re Bermuda Chairman and Chief Executive Officer July 2014 - September 2017 Former ACGL role
Arch Reinsurance Europe Underwriting Designated Activity Company President and Chief Executive Officer October 2012 - July 2014 Former ACGL role
Arch Re Bermuda Chief Underwriting Officer November 2005 Held before promotion at ACGL
Arch Re Bermuda Underwriter Joined in 2001 Entry-level role at ACGL
HartRe Assistant Vice President 1999 - 2001 Subsidiary of The Hartford Financial Services Group, Inc.
F&G Re Underwriter 1996 - 1999 Role before joining ACGL
United States Fidelity and Guarantee Company Business Analysis Roles 1992 - 1996 Various roles

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$780,000 Annual (2023)Fixed annual base salary
Housing Allowance (Bermuda)$209,396 Annual (2023)Housing allowance provided for Bermuda posting
Retirement Plans Contributions$105,090 Annual (2023)Contributions to retirement plans
Social Insurance$1,868 Annual (2023)Deductions for social insurance
Other Compensation$140,000 Annual (2023)Expatriate expense allowance for Bermuda; additional benefits not individually quantified

Performance Compensation

Data from  FY 2023

Short-Term Cash Incentive

MetricWeighting / FactorPayout / ValueAdditional Details
Financial Performance – GroupWeighting: 20%; Payout Factor: 200%Bonus Payout: $436,800 Evaluated on group financial results
Financial Performance – Segment (Reinsurance)Weighting: 50%; Payout Factor: 181.6%Bonus Payout: $991,500 Based on reinsurance segment performance
Strategic PerformanceWeighting: 30%; Payout Factor: 200%Bonus Payout: $655,200 Driven by strategic goals including growth, leadership, and market positioning
Total Bonus PayoutAdjusted Weighting: 190.8%$2,083,500Paid in March 2024 for 2023 performance; Target Bonus: $1,092,000 and Maximum Bonus: $2,184,000

Performance Shares

Metric/DetailValueAdditional Details
Performance MetricGrowth in Tangible Book Value Per Share (TBVPS)Threshold: 6% (50% target shares), Target: 11% (100% target shares), Maximum: 16% (200% target shares)
Relative TSR ModifierModifier range: ±1% to 25%Adjustments apply if TSR is outside the 35th to 65th percentile of the peer group
Number of Shares GrantedThreshold: 7,137 shares; Target: 14,273 shares; Maximum: 28,546 sharesDetermined on performance achievement
Grant DateFebruary 24, 2023
Grant Date Fair Value$1,055,060
Grant Date Stock Price$73.92
Vesting Schedule3-year performance period (Jan 1, 2023 to Dec 31, 2025); additional time-vesting until Mar 4, 2026Vesting tied to TBVPS growth performance

Stock Options

Metric/DetailValueAdditional Details
Performance Metrics (TBVPS Growth)Threshold: 6%; Target: 11%; Maximum: 16%Similar thresholds as performance shares
Relative TSR ModifierModifier range: ±1% to 25%Award adjustments based on TSR relative to the Performance Peer Group
Number of Shares GrantedThreshold: 7,137 shares; Target: 14,273 shares; Maximum: 28,546 sharesSame share metrics as performance shares
Grant DateFebruary 24, 2023
Grant Date Fair Value$448,808
Grant Date Stock Price$69.17 Also serves as the exercise price
Vesting ScheduleVesting ratable over 3 years (one-third each anniversary)Awards vest over three years
Expiration DateFebruary 24, 2033 Options expire 10 years after the grant date