Insurance
Arch Capital Group Executive Compensation (FY25)
ACGL · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 7, 2026
311 figures on this page: 300 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Nicolas Papadopoulo, Chief Executive Officer and Class III Director, Arch Capital, received $14,626,320 in total compensation for fiscal 2025, and Papadopoulo's total was 53.9% lower than the $31,758,573 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 105:1, against median employee compensation of $132,527. Shareholders supported the say-on-pay proposal with 94.1% of votes cast for or against in favor at the meeting held May 5, 2026 for fiscal 2025. Companies named in the disclosed peer group include American Financial Group, Inc., Arthur J. Gallagher & Co., Assurant, Inc., AXIS Capital Holdings Limited and Cincinnati Financial Corporation, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Nicolas Papadopoulo: $31,758,573 → $14,626,320 (53.9% lower)
Say-on-pay support: 84.8% → 94.1% (9.3 points higher)
CEO pay ratio: 212:1 → 105:1 (50.5% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Arch Capital Group's chief executive and what were they paid?
Nicolas Papadopoulo, Chief Executive Officer and Class III Director, Arch Capital, received $14,626,320 in total compensation for fiscal 2025. Papadopoulo's total was 53.9% lower than the $31,758,573 reported for fiscal 2024.
What was Arch Capital Group's say-on-pay result?
Shareholders supported the say-on-pay proposal with 94.1% of votes cast for or against in favor at the meeting held May 5, 2026 for fiscal 2025.
Which companies are in Arch Capital Group's peer group?
Companies named in the disclosed peer group include American Financial Group, Inc., Arthur J. Gallagher & Co., Assurant, Inc., AXIS Capital Holdings Limited and Cincinnati Financial Corporation, among others.
What is Arch Capital Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 105:1, against median employee compensation of $132,527.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Marc Grandisson President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Nicolas Papadopoulo President and Chief Underwriting Officer, Arch Capital and CEO, Arch Worldwide Insurance Group | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
David Gansberg President and CEO, Arch Worldwide Mortgage Group | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
François Morin Executive Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Maamoun Rajeh Chairman and CEO, Arch Worldwide Reinsurance Group | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Nicolas Papadopoulo Chief Executive Officer, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Maamoun Rajeh President, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
David Gansberg President, Arch Capital | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
François Morin Executive Vice President, Chief Financial Officer and Treasurer, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Nicolas Papadopoulo Chief Executive Officer, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Maamoun Rajeh President, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
David Gansberg President, Arch Capital | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
François Morin Executive Vice President, Chief Financial Officer and Treasurer, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Christine Todd Chief Investment Officer, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Nicolas Papadopoulo Chief Executive Officer and Class III Director, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Maamoun Rajeh President, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
David Gansberg President, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
François Morin Executive Vice President, Chief Financial Officer and Treasurer, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Christine Todd Chief Investment Officer, Arch Capital | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Christine Todd | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Christine Todd | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| David E. Gansberg | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| David E. Gansberg | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Maamoun Rajeh | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Maamoun Rajeh | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| NA | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Nicolas Papadopoulo | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Nicolas Papadopoulo | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Maamoun Rajeh | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Nicolas Papadopoulo | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| François Morin | Option | ◇ | — | ◇ | — |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| PSU | ◇ | ◇ | — | — | |
| David Gansberg | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Christine Todd | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
John D. Vollaro | ◇ | — | — | — | — | ◇ | ◇ |
John M. Pasquesi Board chair | ◇ | ◇ | — | — | — | ◇ | ◇ |
Laurie S. Goodman | ◇ | ◇ | — | — | — | ◇ | ◇ |
Alexander S. Moczarski | ◇ | ◇ | — | — | — | ◇ | ◇ |
Eileen Mallesch | ◇ | ◇ | — | — | — | ◇ | ◇ |
Francis Ebong | ◇ | ◇ | — | — | — | ◇ | ◇ |
Moira Kilcoyne | ◇ | ◇ | — | — | — | ◇ | ◇ |
Brian S. Posner | ◇ | ◇ | — | — | — | ◇ | ◇ |
John L. Bunce | ◇ | ◇ | — | — | — | ◇ | ◇ |
Neal Triplett | ◇ | ◇ | — | — | — | ◇ | ◇ |
Daniel Houston | ◇ | ◇ | — | — | — | ◇ | ◇ |
Eugene S. Sunshine | ◇ | — | — | — | — | ◇ | ◇ |
Nicolas Papadopoulo served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as Restricted Stock.
Stock ownership guideline: 5x annual cash retainer
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- American Financial Group, Inc. AFG
- Arthur J. Gallagher & Co. AJG
- Assurant, Inc. AIZ
- AXIS Capital Holdings Limited AXS
- Cincinnati Financial Corporation CINF
- CNA Financial Corporation CNA
- Everest Group, Ltd. EG
- Markel Group Inc. MKL
- Old Republic International Corporation ORI
- RenaissanceRe Holdings Ltd. RNR
- The Allstate Corporation ALL
- The Hanover Insurance Group, Inc. THG
- The Hartford Insurance Group, Inc. HIG
- The Travelers Companies, Inc. TRV
- W.R. Berkley Corporation WRB
- Willis Towers Watson Public Limited Company WTW
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 5, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 7, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 9, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 4, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 4, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 6, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 8, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 8, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 9, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 4, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 6, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Arch Capital Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Arch Capital Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
311 figures on this page: 300 cited to the filing that reported them, 11 calculated from figures it prints.
300 cited to the filing
11 calculated from the filing
Documents cited
- 0000947484-26-000063
- 0000947484-26-000038Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at · Summary Compensation Table
- 0000947484-25-000052
- 0000947484-25-0000312024 Summary Compensation Table
- 0000947484-24-000077
- 0000947484-24-0000352023 Summary Compensation Table
- 0000947484-23-000062
- 0000947484-23-000040Summary Compensation Table
- 0000947484-22-000040
- 0000947484-21-000055
- 0000947484-20-000042
- 0000947484-19-000036
- 0000947484-18-000045
- 0000947484-17-000028
- 0001104659-16-119584
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Arch Capital Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ACGL (accessed 2026).
Short form: data: Velarion
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Insurance rankings
Peers Arch Capital Group discloses
The companies named in ACGL's own disclosed peer group.
American Financial Group, Inc.Arthur J. Gallagher & Co.AXIS Capital Holdings LimitedCNA Financial CorporationEverest Group, Ltd.Markel Group Inc.Old Republic International CorporationRenaissanceRe Holdings Ltd.The Allstate CorporationThe Hanover Insurance Group, Inc.The Hartford Insurance Group, Inc.The Travelers Companies, Inc.W.R. Berkley CorporationWillis Towers Watson Public Limited Company
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}