Daniel J. Houston Succeeds John M. Pasquesi as Chair of Arch Capital Group Board of Directors
Pasquesi remains director. Board announces additional committee leadership changes.
PEMBROKE, Bermuda–(BUSINESS WIRE)–Arch Capital Group Ltd. (Nasdaq: ACGL) (“Arch” or the “Company”), today announced that Daniel J. Houston succeeds John M. Pasquesi as Chair of the Company’s Board of Directors.
The transition follows a planned succession process and the Board’s review of its leadership and committee chair roles as part of its ongoing governance practices after Pasquesi’s decision to step down as Chair. Pasquesi, who has been Chair since September 2019 and has been a director of Arch since 2001, will remain a director and a member of the Executive Committee. If nominated, he intends to stand for reelection to the Board at the Company’s 2027 Annual General Meeting of Shareholders.
Houston, who joined Arch’s Board in August 2024, also becomes Chair of the Executive Committee. Brian S. Posner joins the Executive Committee while continuing to serve on the Compensation and Human Capital Committee and as Chair of the Finance, Investment and Risk Committee. Francis Ebong becomes Chair of the Compensation and Human Capital Committee, of which he has been a member, in addition to maintaining his roles on the Audit and Nominating and Governance Committees.
“It has been an honor to serve as Chair of Arch’s Board for the past seven years,” said Pasquesi. “Arch is fortunate to have several experienced directors capable of leading the Board, and Dan is the right person to serve as our next Chair. I believe his leadership experience will be particularly valuable as Arch continues to scale. I look forward to supporting a smooth transition and continuing to work with Dan, my fellow directors and Arch’s management team.”
“It is a privilege to have the opportunity to serve as Chair of Arch’s Board,” said Houston. “John has been part of Arch’s Board since its earliest days, and his leadership, judgment and deep knowledge of the Company have been invaluable. I am excited to continue to work with Nicolas, his executive team and my fellow directors to help position the Company for continued success.”
Houston is the retired Chair of Principal Financial Group (Principal) and its former president and CEO. During his career with Principal, which began in 1984, he held a series of senior leadership roles before becoming president and CEO in 2015 and Chair in 2016. He retired from Principal in 2025.
“I want to thank John for his leadership of our Board,” said Nicolas Papadopoulo, Chief Executive Officer of Arch. “John was Chair when I became CEO, and I am deeply grateful for his trusted counsel, support and commitment to Arch. I have also had the opportunity to get to know Dan well over the past couple of years. I believe his experience, perspective and leadership make him the right person to serve as our next Chair, and I look forward to working closely with him as we build on Arch’s strong foundation and move the Company forward.”
About Arch Capital Group Ltd.
Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $27.3 billion in capital at September 30, 2026. Arch, which is part of the S&P 500 Index, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
Cautionary Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect the Company’s current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements.
Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or their negative or variations or similar terminology. Forward-looking statements involve the Company’s current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including the effect of contagious diseases on our business; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; statutory or regulatory developments, including as to tax matters and insurance and other regulatory matters; ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to the Company; an incident, disruption in operations or other cyber event caused by cyber attacks, the use of artificial intelligence technologies or other technology on the Company’s systems or those of the Company’s business partners and service providers, which could negatively impact the Company’s business and/or expose the Company to litigation; and the other matters set forth under ITEM 1A “Risk Factors”, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other sections of our 2025 10-K, as well as the other factors set forth in our other documents on file with the SEC, and management’s response to any of the aforementioned factors.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on the Company’s behalf are expressly qualified in their entirety by these cautionary statements. The Company’s forward-looking statements speak only as of the date of this press release or as of the date they are made, and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Source: Arch Capital Group Ltd.
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Media Contact:
Greg Hare — [email protected]
KEYWORDS: Bermuda Caribbean
INDUSTRY KEYWORDS: Insurance Professional Services
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