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NEW YORK - Arch Insurance North America, a division of the prominent insurance industry player Arch Capital Group Ltd. (NASDAQ:ACGL), announced the appointment of five executives to newly created Division President roles, effective August 1, 2025.
Linda Fallon will lead the Consumer Business division, overseeing Travel, Accident & Health, and Warranty and Lenders Solutions units. Mark Lange has been appointed Division President of Middle Market and Entertainment, while Justin Psaki will head the Financial, Professional and Programs division.
Rich Stock will serve as Division President of Casualty and Surety, and Valerie Turpin will lead the Property and Marine division. All five executives 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," First said in the announcement.
The organizational changes come as part of the company’s strategy to structure its operations following a period of expansion. All appointees are existing executives within the organization.
Arch Insurance North America is part of Arch Capital Group Ltd. (NASDAQ:ACGL), a Bermuda-based company with approximately $24.3 billion in capital as of March 31, 2025. The parent company is included in the S&P 500 Index and provides insurance, reinsurance, and mortgage insurance globally through its wholly owned subsidiaries.
This information is based on a press release statement from Arch Insurance North America.
In other recent news, Arch Capital Group Ltd. has seen several updates from analyst firms regarding its stock ratings and price targets. UBS maintained its Buy rating with a price target of $124, citing confidence in Arch Capital’s ability to deliver solid premium growth and attractive underwriting margins. UBS also highlighted that the company could generate over $3 billion in capital over the next year, with a significant portion available for shareholder returns. Meanwhile, Jefferies downgraded Arch Capital from Buy to Hold, adjusting the price target to $100 due to anticipated challenges in the property catastrophe insurance segment and increased competition.
Keefe, Bruyette & Woods raised their price target for Arch Capital to $113, following a first-quarter earnings report that exceeded expectations. They noted the company’s strong "Cycle Management" strategy as a key factor in its robust premium growth. JMP Securities reiterated a Market Outperform rating with a $125 price target, praising Arch Capital’s management and operational performance, particularly in the property and casualty insurance segments. These recent developments reflect a range of analyst perspectives on Arch Capital’s strategic positioning and market dynamics.
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