MS Transverse Strengthens Leadership with New Additions and Promotions
In a notable shift within the insurance landscape,
MS Transverse Insurance Group has unveiled significant changes to its leadership structure aimed at bolstering its strategic goals. The firm has appointed
Pete Chandler as the new Chief Revenue Officer, while
Ethan Allen has been promoted to Chief Program Officer, according to an official announcement made on April 30, 2025.
Pete Chandler's Background: With a robust career spanning decades in the reinsurance sector, Chandler's arrival marks a pivotal change for MS Transverse. Before joining the firm, he served as the CEO of
BMS Re, where he was instrumental in steering the company through various challenges in the reinsurance market. In his new role, Chandler will be primarily responsible for overseeing ceded reinsurance and spearheading business development efforts. His extensive experience and industry connections are expected to significantly enhance MS Transverse's growth trajectory.
Ethan Allen's Journey: Ethan Allen, a seasoned veteran with more than 30 years in the insurance industry, has been a cornerstone of MS Transverse since its inception in 2018. Allen transitioned from his previous role as Chief Risk Officer to now oversee all facets of the Program Underwriting and Operations teams as Chief Program Officer. His track record includes significant leadership positions, including a tenure with AIG's programs business in the Americas. This promotion underscores MS Transverse's commitment to strengthening its program performance and partner alignment.
Retirement Announcements: As the company embraces new leadership, it is simultaneously acknowledging the contributions of veteran executives.
Paul Goodwin, the current Executive Vice President of Reinsurance, has announced his intention to retire at the end of 2025. He plans to remain actively involved in the transitional period to assist Chandler and ensure a smooth handover of responsibilities. Additionally,
Dennis Sparks, who serves as Chief Underwriting Officer, will retire from a full-time role but will continue as a Senior Advisor starting in May 2025. Their retirements signal a shift towards a fresh and dynamic leadership style while honoring their legacies.
Positive Outlook: CEO
Dave Paulsson expressed gratitude towards Paul and Dennis for their relentless efforts in building the MS Transverse brand. He expressed excitement about welcoming Pete to the team, emphasizing that his knowledge and experience would be vital as the company continues to lead in the programs market. The inclusion of the newly created Chief Program Officer role illustrates the firm's increasing dedication to enhancing program performance and aligning with partners effectively.
Looking Towards the Future: John Fitzgerald, President of MS Transverse, echoed Paulsson's sentiments, highlighting that the firm's present standing as a leader in the industry is largely attributed to the hard work and dedication of long-serving executives like Paul Goodwin and Dennis Sparks. Their contributions have set a solid foundation that the company can continue to build upon with new leaders like Chandler and Allen.
As MS Transverse continues to evolve, its strategic appointments and transitions are designed to reinforce its position as a premier hybrid fronting carrier, reflecting its commitment to innovation and excellence in the insurance industry. The firm already established itself as the largest hybrid fronting insurer by gross written premiums in 2024, achieving a remarkable loss ratio while fostering over 150 reinsurer relationships. The future looks promising as MS Transverse aims to leverage its exemplary leadership to further its success and serving its partners effectively.
In conclusion, with a renewed leadership team focused on collaboration and strategic alignment, MS Transverse is poised to navigate the complexities of the insurance market, ensuring lasting prosperity and strengthening its reputation as an industry leader.
For more information on their services and updates, visit
www.mstransverse.com.