Newly launched managing general underwriter, CrossCover, has announced an expansion to its leadership team.
The new MGU was established earlier this year in partnership with Orchid Underwriters Agency.
The company has made the appointments of Brett Dupre, director of Specialty and Underwriting; Sam McBirney, director of General Property; and Mason Rudloff, director of Technology.
The appointments were announced by CrossCover President Scott Hanson. Dupre, McBirney and Rudloff are all former AmRisc executives.
Hanson commented on the new hires: “We have assembled an executive team that has held similar positions at AmRisc managing more than $800M in premium,”
He continued: “They understand CrossCover’s emphasis on writing profitable business. Each submission will be rated based on its calculated profit and impact on our portfolio – not on premium – and, to ensure we align ourselves to our carrier’s results, we will tie our employee’s compensation to these same metrics.”
Hanson vocalised that reinsurance costs are rising and are especially steep for those companies heavy in catastrophe-prone areas.
“Our goal is to help carriers diversify and lower their reinsurance costs, and to reduce their volatility to CAT events,” said Hanson. “Our executive team has the reputation and skills to leverage existing CAT capacity, appoint specific brokers, and apply their knowledge of risks to write outside of catastrophe-prone areas.”
Dupre served as CEO of Wholesale at AmRisc and served previously at FM Global, where he was responsible for the corporate direction of high-hazard occupancies.
“I’m thrilled to join CrossCover, to build a company committed to traditional E&S business is both refreshing and exciting.” Dupre stated on his new position.
McBirney, a former Partner at AmRisc, served as President of its largest division, General Property.
“This is an opportunity to build something special again, and I heartily support the focus on underwriting,” said McBirney. “Having been in the E&S business for more than 40 years, I believe that those companies that focus on underwriting profit rather than commissions remain profitable in the long term.”
Rudloff spent the past 15 years at AmRisc, where he was the architect of its underwriting systems while leading a 33-member IT team.
Rudolph said: “My goal at CrossCover is to make innovation our key differentiator. We will deliver to our carriers everything they expect, as well as cutting-edge information they may not expect, but which will help them in the future.”
