As part of its long-term succession planning, Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has, effective immediately, promoted David Gansberg to President of Arch’s Insurance Group and Maamoun Rajeh to President of Arch’s Mortgage and Reinsurance groups.
Gansberg has previously served as the President and CEO of Arch Mortgage Insurance Company. Prior to his work with the Mortgage Group, he was Executive Vice President and a Director at Arch Re (US).
In his expanded role, Rajeh will now be responsible for Arch’s Mortgage Group while maintaining oversight of the Reinsurance Group he’s led since 2017.
Prior to Rajeh’s role as Chairman and CEO of Arch’s Reinsurance Group, he held CEO positions at Arch Re Bermuda from 2014-2017 and at Arch Reinsurance Europe from 2012-2014.
He joined Arch Re Bermuda as an underwriter in 2001 and held several other leadership roles within the company.
Nicolas Papadopoulo, CEO of Arch, commented on the appointments, “Maamoun and David have been integral to Arch’s success since 2001 and are crucial to our future performance.
“As we seek to further develop our deep bench of leaders, exposing David and Maamoun to new parts of our business will allow them to expand their knowledge while bringing their leadership and perspectives to other segments. They both have a keen understanding of our business and a legacy of developing talent. I look forward to seeing the impact they will have across the organization.”
Rajeh said, “David and I have had a strong hand in formulating Arch’s successful strategy over the past 23 years.
“In this expanded role, I remain committed to maintaining Arch’s core principles and driving continued innovation, profitable growth and exceptional value for our clients and shareholders.”
Gansberg added, “Maamoun and I have worked alongside one another since we joined Arch in 2001, and we both have a track record of delivering excellent results to go along with our deep understanding and passion for this company and its employees. I’m excited to help continue to build upon Arch’s outstanding growth story.”
