MS Transverse's New Appointment Fuels Growth in Underwriting
Industry veteran brings extensive experience to enhance program underwriting capabilities
MS Transverse, known as a leading hybrid fronting carrier collaborating with MGAs and program administrators, recently appointed Tom McGrath as Senior Vice President, Head of Program Underwriting. With over 37 years in the insurance and reinsurance sectors, McGrath is set to strengthen these vital functions.
Experience and Leadership Within MS Transverse
Reporting to Ethan Allen, Chief Program Officer, McGrath is tasked with overseeing the Program Underwriting division. His role encompasses managing underwriting execution across MS Transverse's partnerships with MGAs and programs, ensuring that the underwriting processes are consistent and effective. His leadership aims to support program growth, deliver disciplined underwriting, and provide reliable oversight.
McGrath's Background and Previous Achievements
Before joining MS Transverse, McGrath held the position of Senior Vice President and Head of AIG US Programs. During his tenure there, he successfully managed a substantial portfolio that included 30 programs, yielding around $1 billion in annual gross written premiums. This experience has equipped him with in-depth knowledge of growth strategies and underwriting complexities.
His impressive track record also includes significant roles at Old Republic Specialty Insurance Underwriters, ACE Insurance Group (now part of Chubb), and Munich Re. At Munich Re, he led a team of underwriters focused on program business throughout the United States, demonstrating his capability in various aspects of the insurance spectrum.
Quotes from Leadership on His Appointment
Dave Paulsson, CEO of MS Transverse, expressed enthusiasm about McGrath's appointment, stating, "Tom is a strong addition as we continue to scale our program business. He has a proven ability to manage extensive program portfolios coupled with profound operational expertise. His understanding of what it takes to ensure consistent underwriting results aligns perfectly with our mission at MS Transverse."
In his own words, McGrath stated, "I am thrilled to join MS Transverse at such an exciting moment in the company's development. The hybrid fronting model we have pioneered delivers significant value to program administrators and reinsurers. I'm eager to collaborate with Ethan and our team to enhance our underwriting execution and achieve outstanding outcomes for our partners."
About MS Transverse
MS Transverse operates as a hybrid fronting carrier, forming partnerships with Managing General Agents (MGAs), program administrators, and reinsurers. Their goal is to provide both admitted and excess and surplus solutions across various specialty and commercial lines. The organization integrates carrier paper, focused underwriting practices, and active program governance to ensure market competitiveness.
Part of the MS&AD Insurance Group, one of the largest property and casualty insurance conglomerates globally, MS Transverse benefits from an AM Best A+ financial strength rating. This robust backdrop enables them to deliver significant value to their partners while consistently enhancing their service offerings.
Frequently Asked Questions
Who is Tom McGrath?
Tom McGrath is the newly appointed Senior Vice President and Head of Program Underwriting at MS Transverse, bringing over 37 years of experience.
What was McGrath's role before joining MS Transverse?
He previously served as Senior Vice President and Head of AIG US Programs, managing a portfolio of programs generating approximately $1 billion in annual premiums.
What are McGrath's responsibilities at MS Transverse?
He is responsible for overseeing the Program Underwriting function, ensuring disciplined underwriting and supporting growth across partnerships with MGAs.
What is the focus of MS Transverse?
MS Transverse partners with MGAs and program administrators to provide innovative insurance solutions across specialty and commercial lines.
What distinguishes the hybrid fronting model used by MS Transverse?
This model combines traditional insurance practices with alternative solutions, optimizing value for program administrators and reinsurers alike.
