MSIG USA Board selects Martin J. Sullivan as Chairman

Core Viewpoint - MSIG USA has appointed Martin J. Sullivan as Chairman of the Board, indicating a strategic move towards growth in the specialty commercial insurance sector [1]. Group 1: Leadership Appointment - Martin J. Sullivan has over five decades of experience in the insurance industry, having held significant positions including CEO of AIG and deputy chairman of Willis Group Holdings [2]. - Sullivan's recent role was as a senior advisor at Lightyear Capital, a private equity firm, and he currently chairs Hartford Underwriting Agency Ltd. [2]. Group 2: Company Growth Strategy - The appointment of Sullivan is seen as a vital step for MSIG USA as it aims to expand its specialty business in the U.S. market [3]. - The company is focused on building a data-driven organization and enhancing its specialty capabilities, distribution partnerships, and overall market presence [3]. - Hironori Morimoto emphasized that Sullivan's leadership will help position MSIG USA for sustainable growth and contribute to the global success of the MS&AD Insurance Group [3].