PSC Insurance has appointed Paragon International co-founder and CEO Tara Falk as a board member following its acquisition of the Lloyd’s broker.

Ms Falk’s extensive experience in building a London broking business with clients in the UK and US will make a significant contribution to the board as PSC pursues growth organically and by acquisition, the company says.

“Tara is well known within the insurance marketplace, working with leading insurers in Lloyd’s, Europe, Bermuda and the US,” PSC says in a statement. “Tara’s experience is focused on the financial and professional liability market, serving many of the world’s leading professional service firms.”

Ms Falk has worked in the insurance industry for more than 30 years, starting her career at Willis before co-founding Paragon in 1996.

Paragon generates more than 60% of its revenue from the US wholesale market and will remain an autonomous unit of PSC in the wake of the acquisition, which was completed at the start of the month.