Nick Karacostas is currently a Senior Vice President with the Arch Insurance Group, working out of their corporate headquarters in New York City. Nick is responsible for the Customer Claim Center, which encompasses the Alternative Markets, Construction, Programs and National Accounts Claims groups, who utilize Third Party Administrators to handle their claims. Prior to this position, Nick was serving as Vice President of Litigation Management and Vendor Services since October 2002 when he joined Arch.
Prior to joining Arch, Nick worked at Zurich North America in various capacities from May 1996 – October 2002. His positions included Director of Claims Marketing and Customer Service, Director of Staff Counsel Customer Service, and Senior Trial Counsel. Before joining Zurich, Nick served four years as Trial Attorney for General Accident Insurance, Co and two years as Special Assistant Corporation Counsel for the City of New York. Nick holds a J.D. degree from the City University of New York Law School and a B.A. degree from New York University.
Nick was born in Kyrenia, Cyprus. He emigrated to the U.S.A. in 1966. He has served as the Supreme President of AHEPA. He played soccer with the Pancyprian Association of America, Inc. with their Junior teams from 1975-1981. He has served as their Legal advisor since 1991 till present. He is a member of the Board of HANAC, Inc., and Chairman of its subsidiary Home Services Systems, Inc., as well as Member of the Board of St. Michael’s Home. He has served for six years on the Parish Council member of the St. Nicholas Greek Orthodox Church of Flushing N.Y. Nick served as President of AHEPA for two years and then as it's Chairman. Nick Resides in Bayside, N.Y. with wife Anna and daughters Georgia and Andreana.