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The MGA is looking to drive its commercial strategy across the globe.
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The executive spent almost 30 years at Markel International.
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CRC and Alliant are among those investigating the potential for new vehicles.
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The capacity backs the reinsurance underwriter to cover international risks outside the US.
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Upon closing, the unit will be renamed First Product Protection.
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Ryan has consolidated its financial lines underwriting operations under a united brand.
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The sale will see a transfer of renewal rights and the product recall team.
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The MGA platform has launched more than 20 new vehicles since 2021.
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The CEO said the industry’s penetration outside its traditional heartlands remains “woeful”.
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What is the strategic thinking behind The Fidelis Partnership’s unique business model?
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Global head Bailey said SME demand has seen a “significant increase” since the Jaguar Land Rover attack.
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Syndicate 3705 adds to the MGA’s roster of capacity providers.
