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Lloyd’s capital has several attractions to the MGA segment if it can manage the operational hurdles.
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The syndicate will focus on writing non-cat delegated authority business.
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Markel executive Alan Rodrigues will lead the unit.
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Stuart Rouse, Kentro’s CFO, will step into the role of group CEO with immediate effect.
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The operation will be led by Stephen Saunders, with Jawad Ghunaim from AIG as CUO.
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The firm has hired from Probitas, Tamesis Dual and Aegis for the cells.
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K2 plans to put $10mn-$20mn into the new syndicate, with third-party investors teeing up to fund the rest.
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The multiline MGA was co-founded by Lea's fellow Vantage alum Farhan Shah.
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MGAs are looking hard at capacity arrangements for fear of regulatory action.
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Dan Walsh has led Aon Client Treaty for the past six years.