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Business Wire
10-07-2025
- Business
- Business Wire
Arch Insurance North America Names Five Division Presidents
NEW YORK--(BUSINESS WIRE)--Arch Insurance North America (Arch) today announced that five of its well-established executives have been named to the newly-created roles of Division Presidents, effective Aug. 1, 2025. Linda Fallon has been named Division President, Consumer Business, which includes the Travel, Accident & Health unit and the Warranty and Lenders Solutions unit. Mark Lange has been named Division President, Middle Market and Entertainment. Justin Psaki has been named Division President, Financial, Professional and Programs, which includes management liability, professional liability and cyber as well as the P&C Programs unit. Rich Stock has been named Division President, Casualty and Surety. Valerie Turpin has been named Division President, Property and Marine. All five Division Presidents 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. 'Each of these Arch leaders has played a meaningful role in that expansion, and I look forward to their continued contributions toward further growth, profitability and the development of their teams.' For more information about Arch Insurance North America, and its product offerings, visit: About Arch Insurance North America Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch's insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property & Casualty Insurance Company, Arch Wilsure Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd. About Arch Capital Group Ltd. Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $24.3 billion in capital at March 31, 2025. 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; 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 other factors identified in our filings with the U.S. Securities and Exchange Commission (SEC). 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 Insurance North America Tag — arch-insurance
Yahoo
17-05-2025
- General
- Yahoo
Fuzzy mountain lion cub spends its Friday lounging in a Santa Clarita tree
Many felt the T.G.I.F. spirit across the Southern California coast this Friday, but perhaps no one more so than the 7-month-old mountain lion cub who spent its afternoon lounging in a Santa Clarita neighborhood tree. Although onlookers were nervous about the kitten's proximity to a nearby elementary school and community pool, the perched cub was only seen curiously peaking around and, for the most part, relaxing and napping. Homeowners and other witnesses told the stringer news service KNN that before the kitten stretched out in the shady branches, it was seen roaming around the nearby bridge in the South Valencia community. 'I was walking my dogs earlier on our normal walk, and I saw the sheriff set up, roped off with yellow tape, and he said, 'There's a mountain lion,'' resident Mark Lange told KNN. 'I was like, 'Mountain lion.. maybe a bobcat?' and he said 'No, mountain lion.' So, I took my dogs home, and I swung back over to see if I could get a glimpse of him.' Around 11:16 a.m., California Department of Fish & Wildlife and law enforcement officials responded to calls about the cat sighting at the intersection of Cortina Drive and Gravino Road. 'Biggest cat I've ever seen. Beautiful,' Lange depicted. 'If that's a baby, I definitely don't want to come across a full-grown.' As of 4 p.m. Friday, CDFW spokesperson Steve Gonzalez told KTLA that at least one wildlife officer and an environmental scientist were assessing the scene, most likely planning to tranquilize the young mountain lion and move it to its natural habitat. However, in an update on Friday night, CDFW posted to Facebook, saying, 'Upon investigation, it was determined the kitten likely got separated from its mother, and will look to reunite after dark.' The post also provided footage of the cub peacefully sharing a branch with a squirrel, viewable below. CDFW said officials planned to wait until nightfall, 'as the mother may come back to retrieve her cub.' 'In the meantime,' the post added, 'they urge the public to stay away and allow the kitten a chance to reunite with its mother.' Lange pointed out that although he initially went back home with his dogs, knowing that mountain lions are 'powerful' and can attack, he said he chose to return earlier on Friday in hopes of catching a glimpse of the cat. 'I'm a big animal lover, so I guess my life isn't as important as seeing a mountain lion,' Lange laughed. Mountain lions are considered a 'specially protected' species in California, and they can be found anywhere in their state where their primary prey can be found, including mule deer, elk and wild pigs. Male adults can reach up to 5 feet in length and up to 170 pounds. To read more about mountain lions in California, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
