MSIG USA appoints Mark Thorogood as head of reinsurance

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3 months ago

MSIG USA appoints Mark Thorogood as head of reinsurance | Insurance Business Canada

Reinsurance

MSIG USA appoints Mark Thorogood as head of reinsurance

He will guide both domestic and global operations for the company

MSIG USA appoints Mark Thorogood as head of reinsurance

Reinsurance

By
Kenneth Araullo

MSIG USA has appointed Mark Thorogood (pictured above) as its new head of reinsurance, where he will oversee the company’s reinsurance strategy for both domestic and international operations.

Thorogood’s responsibilities include managing reinsurance placements and working with key stakeholders to promote reinsurance growth and innovation.

He brings over 25 years of reinsurance experience, most recently serving as senior vice president and ceded reinsurance director at Sompo International. There, he was responsible for the group’s global reinsurance strategy, including treaty negotiations and overseeing a large reinsurance portfolio.

His career also includes leadership roles at Zurich Re and Alea London, Ltd, where he gained extensive experience in both assumed and ceded reinsurance operations.

Peter McKenna, CEO of MSIG USA, said Thorogood’s extensive reinsurance expertise and strong relationships with global reinsurers will strengthen the company’s position in the market.

“Mark’s leadership will be pivotal as we continue to strengthen our reinsurance capabilities and advance our strategic goals,” McKenna said.

MSIG USA is part of MSIG Holdings (USA), Inc. a subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s largest property and casualty insurers. MSIG USA’s network of over 500 professionals operates across the US, providing services in all 50 states, the District of Columbia, and Puerto Rico.

This leadership change follows a series of recent adjustments within the broader MSIG Holdings (USA), Inc. group. In May, MS Transverse Insurance Group, a North American-based “hybrid fronting” carrier and MSIGH subsidiary, also announced leadership shifts.

Co-founder and CEO Erik Matson stepped down to become vice chairman, while David Paulsson, co-founder and current president, succeeded him as CEO. Additionally, John Fitzgerald, previously CFO, was appointed president of the group.

Under Matson’s leadership, MS Transverse — originally known as Transverse Insurance Group—pioneered the hybrid fronting model within the program carrier sector. This approach contributed to the sector’s growth, with annual premiums exceeding $14 billion in the US.

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