Arch Insurance North America (Arch Insurance), a subsidiary of Arch Capital Group and a provider of specialty insurance products and services, announced several leadership appointments to strengthen its wholesale business and support continued expansion in the excess and surplus (E&S) market.
The company has created a new position as president of its wholesale property and casualty division and appointed Jason Conkin to the position. Arch Insurance said Conkin will be responsible for leading underwriting activities and advancing growth plans for its E&S portfolio.
As part of the leadership changes, Mike Ward has been promoted to executive vice president and director of E&S Casualty, while Joe Morrello continues as executive vice president and director of E&S Property. Under the revised structure, both executives will report to Kang Jin.
Arch Insurance also named Jared Stacey senior vice president, head of wholesale distribution. Reporting to Sue Srinivasan, Executive Vice President of Distribution, Stacey oversees the company’s wholesale distribution strategy, working to increase coordination with underwriting teams and improve alignment with wholesale trade partners.
Brian First, President of Arch Insurance North America, commented, “Unifying E&S Property and E&S Casualty under Jason’s leadership and appointing Jared as a dedicated wholesale distribution leader enhances internal collaboration and demonstrates our commitment to growing our E&S business across market cycles with wholesale producers. We are fortunate that Arch is a dynamic company with a group of experienced leaders who are ready to step into new roles as we grow.”
The company also confirmed that Valerie Turpin, president of its real estate division, will retire on July 1. Turpin has led Arch Insurance’s property business for nearly eight years.
First adding: “On behalf of everyone at Arch, I would like to thank Valerie for her transformative contribution to our business. She will be deeply missed and we wish her all the best in her retirement.”
Arch Insurance said the appointments were part of its wider strategy to strengthen its wholesale capabilities and position the business for continued growth amid changing market conditions.
