MSIG USA, an insurance subsidiary under MSIG Holdings, has announced the appointment of Mark Thorogood as its new Head of Reinsurance.
In his new role, Thorogood will be responsible for leading the company’s reinsurance strategy, encompassing both the placement and management of reinsurance coverage for domestic and international operations.
He will also work closely with key stakeholders to drive reinsurance innovation and growth.
Peter McKenna, CEO of MSIG USA, said: “We are excited to have Mark join our leadership team. His wealth of experience in reinsurance, along with his strong track record of fostering relationships with global reinsurers, makes him an excellent addition to the organisation. Mark’s leadership will be pivotal as we continue to strengthen our reinsurance capabilities and advance our strategic goals.”
Thorogood brings over 25 years of reinsurance experience to MSIG USA, having served as Senior Vice President and Ceded Reinsurance Director at Sompo International prior to his new appointment.
At Sompo, he was responsible for overseeing the group’s global reinsurance strategy, including key treaty negotiations and managing a significant portfolio of reinsurance placements.
His career also includes senior roles at Zurich Re and Alea London, Ltd., providing him with deep expertise in both assumed and ceded reinsurance operations across diverse markets.
McKenna added: “Mark’s deep understanding of the reinsurance industry will significantly enhance our ability to stay aligned with the rapidly evolving global insurance landscape.
“His proactive approach to managing reinsurance strategies will ensure that MSIG USA remains agile and well-positioned to navigate market shifts while continuing to deliver exceptional value to our clients and partners.”
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Publish date : 2024-09-17 04:00:00
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