MSIG USA, the U.S. specialty insurance subsidiary of global MS&AD Insurance Group, has expanded the board of directors of MSIG Holdings (USA), Inc. with the appointments of Darin Stafford, Thomas R. Sullivan and Marc Gallo.
The company said the additions are designed to enhance its governance capabilities and support its long-term strategy as it continues to grow its data-driven specialty insurance business in the United States.
The three appointments bring extensive experience in finance, insurance regulation, technology and corporate strategy. The Board of Directors, along with Chairman Martin J. Sullivan, brings more than a century of combined leadership experience in the international insurance and financial services sectors.
Prior to joining the Board, Stafford had a more than thirty-year career in financial leadership, capital markets, governance and enterprise risk management. As the former chief financial officer of Amwins, he helped oversee the company’s expansion through acquisitions, financing and financial management. The company said his background will enhance the board’s oversight of financial governance and long-term value creation.
According to MSIG USA, Sullivan has more than 40 years of experience in the public and private sectors. His previous positions include senior deputy director of the Board of Governors of the Federal Reserve System, Connecticut insurance commissioner and senior vice president of Hartford. MSIG USA said his understanding of insurance regulation, financial policy and risk management will contribute to the board’s governance responsibilities and strategic direction.
Gallo has spent more than 35 years advising insurance companies and financial services organizations on technology strategy and business transformation. During his 29-year career at PwC, he worked on initiatives involving cloud computing, artificial intelligence, digital transformation and enterprise modernization, while also building the firm’s new services and emerging technology practices. MSIG USA said his experience will support the company’s continued focus on innovation and leveraging data to improve business performance.
Peter McKenna, CEO of MSIG USA, added: “MSIG USA is entering an exciting period of growth and building a Board of Directors with the right mix of experience is critical to supporting our long-term strategy.”
“Each of these directors brings expertise that is directly aligned with the direction of MSIG USA’s business. Darin’s financial and governance leadership, Tom’s regulatory and risk expertise, and Marc’s experience driving technology and data transformation are complementary and strengthen our board at an important time in our growth. Together, they will help guide our strategy and help us continue to achieve our vision of becoming a market-leading, data-driven specialty insurance company.”
