Beat Capital Partners, a London-based subsidiary of Ambac, has partnered with former Crum & Forster executive Blair Bartlett to launch US-based MGA 1889 Specialty Insurance Services, the company announced Thursday.
1889 Specialty will offer management liability and professional lines coverage to the SME sector, with products written on an E&S basis and distributed primarily through wholesale channels.
It will write on behalf of a Lloyd’s consortium led by Beat Syndicate 4242.
Bartlett will serve as president and CEO. The executive has more than 20 years of experience in the financial lines sector, most recently as the VP of financial institutions at Crum & Forster. He also previously held roles at CapSpecialty and Allied World.
“I am thrilled to partner with Beat and Ambac on the launch of 1889 Specialty,” Bartlett said.
“Our detailed knowledge of financial institutions’ business practices and exposures enables us to tailor coverage to provide protection against key risks.”
Late last year, Beat launched professional lines MGA proRISE Insurance Services in partnership with former Ategrity head of management and professional liability Doug Karpp.
Ambac acquired a controlling stake in Beat in 2024.
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