Arch promotes 5 to new post of division president

Arch Insurance North America said Thursday it has restructured its business units into divisions and promoted five executives to the newly created role of division president.

Linda Fallon (from left), Mark Lange, Justin Psaki, Rich Stock and Valerie Turpin

Linda Fallon, based in Bel Air, Maryland, was named division president, consumer business. Ms. Fallon previously was executive vice president for the travel and accident and health business.

Mark Lange, based in Mooresville, North Carolina, was named division president, middle market and entertainment. He previously was chief middle market executive.

Justin Psaki, based in New York, was named division president, financial, professional and programs. Mr. Psaki was previously executive vice president, financial and professional lines.

Rich Stock, based in Minneapolis, was named division president, casualty and surety. He previously was chief underwriting officer for large account casualty and surety.

Valerie Turpin, based in Tucson, Arizona, was named division president, property and marine. Ms. Turpin was previously chief underwriting officer, property.

All five will report to Brian First, president of Arch Insurance North America.

“The alignment of our business units into these five divisions reflects the tremendous growth that Arch Insurance North America has experienced in the past five years,” Mr. First said in a statement.