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    Maamoun Rajeh

    President of Arch Capital Group Ltd. and Chairman & CEO of Arch Worldwide Reinsurance Group at Arch Capital Group Ltd
    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 Ltd

    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