Market Overview

Arch Insurance Names Valerie Turpin EVP and Head of U.S. Property

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Arch Insurance today announced that Valerie Turpin has joined the
company as Executive Vice President (EVP) and Head of U.S. Property. She
succeeds Michael Kmetz, who has taken a different role within the firm.

In this position, Ms. Turpin will have oversight of both the Excess and
Surplus Property and U.S. Retail Property divisions. She reports to
Michael Price, EVP and Chief Underwriting Officer of Arch Insurance
Group Inc.

"Valerie is a recognized leader in the industry and has a proven track
record of building out a property team and leading it into new
segments," Mr. Price said. "We're impressed with her strategic thinking
and leadership style and know she will bring a new perspective to both
her team and the leadership group at Arch Insurance."

Mark Lange, EVP, Strategy and Distribution, added, "Valerie's experience
and expertise will help ensure we're providing valuable solutions for
our partners and embracing new growth strategies in all of our
distribution channels."

Ms. Turpin joins Arch Insurance from American International Group (AIG),
where she most recently served as Senior Vice President, Midwest
Property and Special Risks and managed a substantial book of retail and
wholesale business. Before joining AIG, she held a number of senior
roles as a risk engineer and underwriter in both the U.S. and European
markets.

Ms. Turpin holds an engineering degree from the Ecole Nationale
Supérieure de Géologie Appliquée et Prospection Minière in Nancy,
France, and a law degree from Paris Sorbonne-Assas University in Paris,
France.

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