MORRISTOWN, N.J.–(BUSINESS WIRE)–Emerald Bay Risk Solutions, a collaborative underwriting carrier, today announced that it has appointed Tracey Sharis as Chief Executive Officer, effective Thursday, March 20th.
Sharis brings more than 25 years of insurance experience, leading and growing numerous E&S and specialty insurance businesses. She joins Emerald Bay from Liberty Mutual Insurance, where she led as President, Global Risk Solutions for North America Programs. Previously, she served as Senior Vice President, Director of Programs at Ironshore Insurance, a global specialty insurer that was acquired by Liberty Mutual in 2017. Prior to joining Ironshore in 2011, Sharis worked as Managing Director with Aon Benfield. Additionally, Sharis is a member of the advisory board of Target Markets Program Administrators Association, an industry organization dedicated to the unique challenges of program specialists.
Sharis began her career with AIG’s Lexington Insurance Company. During her 14 years with AIG, she served in a variety of leadership roles including Product Owner for Employment Practices Liability, Chief Innovation Officer, Head of Risk & Economic Capital Modeling & Product Owner for Lexington’s Property group.
“We are excited to welcome Tracey and her wealth of specialty and program insurance experience to Emerald Bay,” said Miles Allkins, Chief Risk Officer and Co-Founder. “In addition to the unique perspectives and expertise developed through decades of insurance leadership, Tracey has built a deep network and an incredible reputation across the MGA and reinsurance communities. Our core business model is built on meaningful relationships and trust, and we are confident in Tracey’s leadership as we continue to cultivate long-term relationships with new and existing partners. We have made tremendous progress over the past year, and I look forward to working from our Bermuda presence to build on Emerald Bay’s strong reinsurance market position in close partnership with Tracey.”
“In just over a year, Emerald Bay and its team have built a unique insurance carrier and a strong foundation for future growth,” said Sharis. “I look forward to working together to continue to deliver tailored solutions to our partners across the program insurance value chain. As MGAs continue to capture market share and underwriting complexity increases, we are excited for the opportunity to scale the business to meet the evolving needs of both our program and capacity partners.”
Emerald Bay launched in March 2024 with backing from Bain Capital Insurance to deliver tailored insurance solutions, consistent underwriting results, and long-term, mutually valuable partnerships with a select group of high-performing managing general agents (MGAs) and market-leading reinsurance partners.
About Emerald Bay Risk Solutions
Emerald Bay Risk Solutions, a “Collaborative Underwriting Carrier,” is a specialty insurance firm that emphasizes an alignment of interests for all parties and a collaborative underwriting approach that cultivates trust and mutual accountability. Backed by Bain Capital Insurance, which provides flexibility to take advantage of market opportunities, Emerald Bay is structured to deliver quality admitted and surplus lines insurance solutions, working to bring optimized program offerings to the reinsurance market. Emerald Bay is led by a team of experienced insurance executives and has an AM Best Financial Strength Rating of A- (Excellent).
For more information, please visit: www.emeraldbayrisk.com
