Arch Capital Group Ltd., a global provider of insurance, reinsurance and mortgage insurance, has expanded President Maamoun Rajeh’s responsibilities to include oversight of its insurance division in addition to the reinsurance and mortgage businesses he already leads, as the company adopts a single-president model.
Archie explained that David Gainsbourg will step down as president and leave the company after an “outstanding tenure.”
Arch CEO Nicolas Papadopoulo, to whom Rajeh will report, commented: “Maamoun has been integral to Arch’s success since 2001 and brings a deep understanding of the property and casualty business.
“Under Maamoun’s leadership, Arch Re has become a leading global reinsurance provider and since taking charge of the mortgage group in 2024, he has demonstrated curiosity and commitment, making him the right leader to guide our three business units.
“His expanded responsibilities reflect our focus on clarity, accountability and consistency across our global underwriting operations. I look forward to continuing to work with him in the coming years.”
“I would also like to recognize David for his significant contribution to Arch’s success during his tenure. I wish him continued success in the future.”
Rajeh added: “I am delighted to have the opportunity to take on this expanded role and continue to work closely with Nicolas, the rest of the Arch leadership team and our Board of Directors.
“With our global platform, world-class talent and data-driven underwriting culture, Arch remains well-positioned for continued success. I am energized and focused on strengthening our insurance unit’s leadership position in the markets in which we operate.”
The post Maamoun Rajeh takes on expanded role as president of Arch insurance division appeared first on ReinsuranceNew.ws.