Arch Capital Group and Arch Insurance North America announced a series of leadership changes this week, including executive promotions across its wholesale insurance platform, a planned CEO succession, and the retirement of a longtime property insurance leader.
At the parent company level, Arch Capital previously announced that President and Chief Underwriting Officer Nicolas Papadopoulo will succeed Marc Grandisson as chief executive officer effective March 1, 2027. Grandisson will remain executive chairman following the transition.
Separately, Arch Insurance North America announced several leadership appointments to support growth in its Excess & Surplus (E&S) business.
Jason Conkin has been promoted to the newly created role of division president — wholesale property & casualty, where he will oversee underwriting and growth initiatives for E&S lines. Mike Ward was promoted to executive vice president, head of E&S Casualty, while Joe Morrello will continue as executive vice president, head of E&S Property, both reporting to Conkin.
The company also named Jared Stacey senior vice president, head of wholesale distribution. Reporting to Executive Vice President of Distribution Sue Srinivasan, Stacey will lead wholesale distribution strategy and work to strengthen coordination between distribution and underwriting teams.
"Unifying E&S Property and E&S Casualty under Jason, and appointing Jared as a dedicated Wholesale distribution leader, allows for stronger internal collaboration and demonstrates our commitment to growing our E&S business across market cycles with Wholesale producers," said Brian First, President of Arch Insurance North America.
In addition, Valerie Turpin, division president — property, announced her retirement effective July 1 after nearly eight years leading Arch's property business.
"On behalf of all of Arch, I want to thank Valerie for her transformative contributions to our business. She will be dearly missed and we wish her all the best in retirement," First said.
While the appointments are focused on Arch's insurance operations, the moves come at a company that remains a significant participant in the housing finance market through Arch Mortgage Insurance, one of the nation's largest private mortgage insurers.
Arch Capital reported approximately $26.9 billion in capital as of March 31, 2026, and operates insurance, reinsurance, and mortgage insurance businesses worldwide.
