Arch Capital Group Ltd announced Marc Grandisson has been named chairman and chief executive officer of Arch Worldwide Reinsurance Group, and Nicolas Papadopoulo was promoted to president and chief executive of Arch Reinsurance Ltd.

Mr. Grandisson will succeed Dwight Evans, one of the founders of the company's reinsurance operations, who is leaving the Bermuda-based company, Arch said yesterday.

Mr. Grandisson's appointment takes place immediately.

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