The company, established in 2023, operates as a program administrator offering direct access to A+ rated carriers and reinsurers. It provides a platform for underwriting teams to develop and manage insurance programs across commercial and personal lines. Its model includes a centralized technology infrastructure and operational support intended to streamline processes and reduce inefficiencies.

Sparks joins executive chairman and co-founder Erik Matson , who previously served as CEO of MS Transverse Insurance Group. Matson stepped down from that role within the past year, with co-founder David Paulsson taking over as CEO.

Matson co-founded Transverse Insurance Group and has held senior positions at AIG and Munich Reinsurance Group. He also serves as non-executive chairman of Bridgehaven Europe Insurance Holdings, a fronting company based in London.

Sparks most recently held the role of executive vice president and chief underwriting officer at MS Transverse Insurance Group. His career in property and casualty insurance spans more than three decades, with previous roles including chief underwriting officer, chief actuary, chief financial officer and head of ceded reinsurance. He has worked at organizations such as Catlin, PMA and USI Insurance Holdings.

“I’m excited to lead Launch into its next phase of growth,” Sparks said. “This platform is uniquely positioned to support underwriting excellence with its nimble infrastructure, strong capital and insurance industry relationships, and entrepreneurial culture. I look forward to building on its momentum.”

Meanwhile, Matson said that Sparks’ ability to drive profitable underwriting makes him the “ideal choice” to lead the company.

Launch Underwriters plans to expand its operations within the MGA platform space and pursue growth in the London market and European Union. The company said these efforts are part of its broader strategy to work with underwriting teams and capital providers on the development of insurance programs.