Arch Capital Group Ltd.

This morning, Arch Group CEO Nicolas Papadopoulo and CFO Francois Morin held our Third Quarter 2024 earnings call. Here are a few highlights. A recording of the call will be available here: https://lnkd.in/dYZYSez #q3 #earnings

“Our third quarter results demonstrate the value of our diversified platform with excellent bottom-line contributions from all our units. Arch’s culture of adapting to evolving market conditions while maintaining underwriting discipline remains a key element of our long-term success.” - Nicolas Papadopoulo CEO of ACGL. Arch Capital Group Ltd. reported Q3 2024 Earnings today: https://lnkd.in/efgs_6HZ Our Q3 2024 Earnings Call will be held tomorrow at 11:00 am ET: https://lnkd.in/efyvdBSs #earnings #q3

To support the financial well-being of our employees, Arch contributes to retirement in the following ways: 1. Nondiscretionary Matching Contributions: Arch will make a nondiscretionary matching contribution in an amount equal to 100% of the first 3% of your eligible compensation and 50% of the next 3% of your eligible compensation contributed to the Plan. 2. Employer Non-Elective Contributions: Arch contributes to this plan regardless of your participation in the traditional or Roth 401(k). You can contribute a percentage of your eligible compensation, either before-tax or after-tax (Roth), to the Plan while investing in a range of funds. If you will be age 50+ any time during the year, you can also participate in the catch-up option. #benefits #retirement

We are dedicated to ensuring our people have access to comprehensive benefits to safeguard their mental, physical and financial well-being. So throughout the year, Arch's Student Loan Assistance Program, offers up to $3,000 per year for eligible employees. Arch contributes monthly to supplement regular principal payments on student loans, and employees can also choose to refinance at competitive rates. Since the program’s inception in 2018, through the end of 2023, Arch had contributed just under $5 million to over 700 employees’ student loans.

Do you want a chance to intern for a global S&P 500 insurer? At Arch, we offer summer 2025 internship opportunities across various segments including Mortgage Insurance, Reinsurance, and Corporate Operations. We’re proud to hire interns across a diverse range of majors and roles, such as Finance, Computer Science, Actuarial Sciences, Data Analytics, Marketing, Human Resources, Underwriting, Claims, and more! No matter where your interests lie, we’ve got opportunities for you—and we take great pride in our inclusive culture.  If you, or someone you know, is open to learning the world of insurance, apply today: https://lnkd.in/eFuwFjsJ #Internship #SummerInternship #LifeAtArch 

Maria Hernandez, SHRM-CP is an HR Coordinator for Arch Capital Services LLC. She has worked for Arch for a year and a half, and obtained her SHRM-CP certification in 2023.   Maria was born and raised in North Carolina, and has two siblings, one older and one younger brother. In her free time, she enjoys going to concerts, traveling, trying new restaurants and spending time with her friends and family. She also likes to stay active through golf, pickleball, tennis and running.    Maria’s ethnic background is a combination of Venezuelan and Nicaraguan cultures. Her mom is from Venezuela, and her dad is from Nicaragua, which has allowed her to experience the traditions and cultures of both countries. Some of her favorite childhood memories are from when she visited both countries. Influences from her parents and grandparents shaped Maria’s cultural identity and have given her a deep sense of pride in her heritage.   When asked what about the Latino/Hispanic experience brings her joy, Maria shared: “One of the things that brings me the most joy about the Latino/Hispanic experience is the deep sense of connection and the importance placed on family. The way we celebrate food, music and being together is another thing that brings me joy, and it’s a reminder of how important connection and tradition are in our community.”   And when asked what Hispanic Heritage Month means to her, she added: “Hispanic Heritage Month is about recognizing the contributions of Hispanic/Latino people and giving visibility to our culture and history. It’s a time to celebrate the diversity within our community and share our stories and achievements with a larger audience.” #HispanicHeritageMonth #LifeAtArch  

Every October, LaTonya Crewes walks the walk in memory of her mother, wearing pink shoes to the office each day in observance of Breast Cancer Awareness Month.   LaTonya, a Senior Legal Action Specialist for Arch Mortgage Insurance Company (Arch MI) in Greensboro, is a self-described “sneakerhead” who owns five pairs of pink shoes to choose from her closet during the month.   “They are a fashion statement and a reminder, all rolled into one,” LaTonya says. “Hopefully they remind everybody else to go ahead and schedule your appointments. A mammogram is not a very comfortable experience. It can feel pretty invasive, but it is so very important for women — especially African American women, since their mortality rates are about 40% higher.”   “And the sneakers remind me of the guidance I got from my mom. Everything I have, all the drive and determination to succeed, came from her.” #BreastCancerAwareness #LifeAtArch #BreastCancerAwarenessMonth

Annabelle Silva is an Account Manager for Arch Mortgage Insurance Company (Arch MI), and has been with Arch for two years.   She has been a mortgage loan officer for 17 years and sits on the board of the NAHREP - National Association of Hispanic Real Estate Professionals®. She also has a certificate through Valle de Sol Community Health’s Hispanic Leadership Institute.   Annabelle shared that helping families get into homes of their own, and being a proud mom of two daughters are her two biggest motivators. She is first-generation Mexicana and Spanish was her first language.   When asked what about the Latino/Hispanic experience brings her joy, Annabelle shared: “Familia (family). It’s seeing my mother, my daughters and myself living the American Dream.”   And when asked what Hispanic Heritage Month means to her, she shared: “It’s a moment to recognize how far we have come and not take our opportunities for granted. We continue to stay grateful and work hard.” #HispanicHeritageMonth #LifeAtArch  

Yesterday, Arch held a private memorial event to honor and celebrate the life of former CEO, Dinos Iordanou. Attended by family members, close friends and long-time colleagues, the event paid tribute to Dinos’ lasting contributions to Arch and the insurance industry at large. His family shared personal reflections and Arch’s Maamoun Rajeh hosted a panel of industry leaders who worked closely with Dinos over the years. During his life, Dinos was a passionate advocate for children’s rights, so in his memory, Arch donated $50,000 to the Cyprus Children’s Fund. Dinos Iordanou was part of the leadership team that founded Arch in 2001 and held the position of President and CEO of Arch Capital Group from 2003-2018. During his tenure, he grew Arch’s footprint significantly and helped lay the critical groundwork that enabled Arch’s ascent to its current status as a market-leading insurer. Dinos was highly regarded throughout the industry, and he was recognized as the 2017 Insurance Leader of the Year by St. John’s University’s School of Risk Management. https://lnkd.in/gYv7JZig

We are excited to announce that Nicolas Papadopoulo has been named CEO of Arch Capital Group and is joining the Board of Directors effective immediately. Papadopoulo has held his current positions of President and Chief Underwriting Officer since 2021 and previously served in various leadership and underwriting roles at the Company beginning in 2001. Marc Grandisson, who has served as CEO since 2018 and has been with Arch since 2001, has decided to retire from the Company. “On behalf of the entire Board, I would like to thank Marc for his leadership and significant contributions to Arch over the past two decades, during which Arch experienced outstanding growth and profitability and established itself as a market-leading, global specialty insurer,” said John Pasquesi, Chair of the Board. “Consistent with the Board’s robust succession planning process, we believe that Nicolas’ experience and expertise make him the ideal person to lead Arch going forward to drive growth and value for all shareholders. We look forward to working with Nicolas as CEO, and the entire leadership team, as we position Arch for even greater success in the future.” Read our press release for more information: https://lnkd.in/eh2wg334