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ACE Commercial Risk Services, the small business division of the ACE Group, today announced the appointment of Tom McGrath as Senior Vice President, Head of Programs. In this role, Mr. McGrath will oversee all underwriting, marketing, and operations for the unit’s diverse program insurance business. Based in Philadelphia, Mr. McGrath will manage a team of underwriters with responsibility for administering ACE’s programs business around the U.S. ACE’s programs business features admitted and non-admitted insurance solutions for national, regional or local programs with a wide set of specialty coverages available on a mono-line or package basis for complex risks.
Also based in Philadelphia and reporting to Mr. McGrath is Bill Franchi, who has been appointed Senior Vice President, Programs. In this role, Mr. Franchi will assume responsibility for profitably managing a book of programs within ACE Commercial Risk Services.
Bill Sharp has been appointed Chief Operating Officer, Programs, for U.S. and Canada. In this new role, Mr. Sharp will be responsible for ensuring that the controls, processes and procedures that have made ACE’s programs business a success continue in place, while also bringing resources to other ACE units in the U.S. and Canada that utilize program distribution platforms. Both Mr. McGrath and Mr. Sharp will report to David Lupica, Division President, ACE Commercial Risk Services.
“ACE Commercial Risk Services has rapidly become a market of choice in the program business space. With a unique combination of specialty product expertise and the established financial strength of ACE, the group is a compelling partner for placement of complex program business,” said Mr. Lupica. “Bill has been instrumental in establishing and building this strong offering. His leadership will serve ACE well in expanding the business in Canada. Adding Tom and Bill, both of whom are experienced industry leaders, represents a significant investment in this business and will be a tremendous asset in driving the next phase of our growth.”