ACE Commercial Risk Services, the small business division of the ACE Group, has appointed Tom McGrath as senior vice president, head of Programs. McGrath will oversee all underwriting, marketing, and operations for the unit’s U.S. program insurance business.
He will be based in Philadelphia.
Also based in Philadelphia and reporting to McGrath is Bill Franchi, who has been appointed senior vice president, Programs. 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. Sharp will be responsible for ensuring the controls, processes and procedures continue in place, while also bringing resources to other ACE units in the U.S. and Canada that utilize program distribution platforms.
Both McGrath and Sharp will report to David Lupica, division president, ACE Commercial Risk Services.
With 26 years of experience in insurance and reinsurance, McGrath joins ACE from Munich Re America, where he served most recently as head of Primary Insurance Programs since 2008. Prior to this role, he oversaw the company’s public and non-profit programs business for 10 years.
Franchi joins ACE from Munich Re America, where he served as senior vice president, Primary Insurance Program manager since 2005. He brings to ACE nearly 20 years of experience in the insurance and reinsurance industry.
Sharp has been with ACE and its predecessor companies for more than 32 years. He has led the ACE Commercial Risk Services Programs group since 2010.
ACE Commercial Risk Services offers its products through retail agents and brokers, wholesale brokers and wholesale producers, program agents and other alternative distribution models.