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    Nicolas Papadopoulo

    CEO and Board Member at Arch Capital Group Ltd
    Board
    Since October 13, 2024
    Age
    62 years
    Education
    Graduated from École Polytechnique and École Nationale de la Statistique et de l’Administration Économique in France, earning a master’s degree in statistics.
    Tenure
    Joined ACGL in December 2001, held various underwriting and leadership roles, and was promoted to CEO and Board Member on October 13, 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

    Nicolas Papadopoulo was born in 1962 and is currently 62 years old. He completed his higher education in France by graduating from École Polytechnique and École Nationale de la Statistique et de l’Administration Économique, where he earned a master’s degree in statistics.

    Beginning his career with roles at Sorema N.A. Reinsurance Group and as an insurance examiner with the Ministry of Finance in France, he joined ACGL in December 2001 at Arch Re Bermuda in various underwriting capacities.

    Throughout his tenure at ACGL, he advanced through multiple leadership positions, serving as Chairman and CEO of Arch Reinsurance Group from July 2014 to September 2017, then as Chairman and CEO of Arch Worldwide Insurance Group with the additional role as Chief Underwriting Officer for Property and Casualty Operations until December 2020.

    In January 2021, he became President and Chief Underwriting Officer of Arch Capital and CEO of Arch Worldwide Insurance Group before ultimately being appointed CEO and Board Member on October 13, 2024. His career at ACGL is marked by significant contributions in underwriting discipline, strategic capital allocation, and cycle management, underscoring a commitment to maintaining the company’s market-leading position.

    Past Roles

    OrganizationRoleDate RangeDetails
    Arch Capital Group Ltd. (ACGL) President and Chief Underwriting Officer of Arch Capital and CEO of Arch Worldwide Insurance Group January 2021 – (role ended upon promotion to CEO) N/A
    Arch Capital Group Ltd. (ACGL) Chairman and Chief Executive Officer of Arch Worldwide Insurance Group and Chief Underwriting Officer for Property and Casualty Operations September 2017 – December 2020 N/A
    Arch Capital Group Ltd. (ACGL) Chairman and Chief Executive Officer of Arch Reinsurance Group July 2014 – September 2017 N/A
    Arch Re Bermuda Various Underwriting Roles Started December 2001 – (end date not specified) N/A
    Sorema N.A. Reinsurance Group Various Positions Prior to joining ACGL N/A
    Ministry of Finance, Insurance Department, France Insurance Examiner N/A N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$850,000 AnnualFixed base salary for 2023
    Housing Allowance (Bermuda)$222,548 AnnualHousing allowance provided in Bermuda
    Retirement Plans$95,400 AnnualRetirement plan contributions for 2023
    Social Insurance$1,868 AnnualSocial insurance contribution
    Other Benefits$441,658 (total) AnnualIncludes club dues, family travel, life insurance & LTD, tax preparation services, and fees for children schooling
    Stock Options$733,829 (fair value) Granted on Feb 24, 202331,264 stock options with an exercise price of $69.17 per share
    Restricted Shares$586,977 (fair value) Granted on Feb 24, 20238,486 restricted shares
    Termination BenefitsWithout Cause: $12,789,910; Death/Disability: $9,836,160 ContingentBenefits payable upon termination under varying conditions
    Director Fees$43,081 AnnualPaid in Euros, converted using the 2023 year-end exchange rate (1.10465)

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    MetricDetailsCitation
    Financial Performance - GroupWeighting: 50%, Payout Factor: 200% resulting in an adjusted weighting of 100%
    Financial Performance - SegmentWeighting: 20%, Payout Factor: 164% resulting in an adjusted weighting of 32.8%
    Strategic PerformanceWeighting: 30%, Payout Factor: 225% resulting in an adjusted weighting of 67.5%
    Total Adjusted Weighting200.3%
    Target Bonus$1,402,500
    Bonus Payout (if targets met)$2,805,000
    Evaluation CriteriaROE thresholds: Threshold: 7.50%, Target: 13.74%, Maximum: 20.61%
    Grant DateFebruary 24, 2023N/A

    Performance Shares Compensation

    MetricDetailsCitation
    Performance MetricGrowth in TBVPS: Threshold: 6% (50% target), Target: 11% (100%), Maximum: 16% (200%)
    Relative TSR ModifierAdjustments of ±1% to ±25% based on performance relative to the 35th & 65th percentiles
    Grant DateFebruary 24, 2023
    Number of Shares (Threshold)11,669 shares
    Number of Shares (Target)23,337 shares
    Number of Shares (Maximum)46,674 shares
    Grant Date Fair Value$1,614,220
    Grant Date Stock Price$73.92 per share
    Vesting SchedulePerformance period: Jan 1, 2023 - Dec 31, 2025; additional time vesting through Mar 4, 2026
    ConditionsPerformance-based vesting linked to TBVPS growth and adjusted by relative TSR performance