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The MGU’s second syndicate launch was delayed from January 2025. -
BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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The London MGA is considering various options, including a minority investor.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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The executive is charged with defrauding investors out of nearly $500mn.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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The executive has run the MGA platform since its 2017 inception.
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Neil Ross was also appointed CUO for the broker’s MGA.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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Carriers are rethinking the traditional renewal-rights model.
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The Ryan Specialty renewables MGA launched an international arm last year.
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