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The unit led by Dan Kumpf will offer miscellaneous professional liability cover. -
The two carriers have injected a further $100mn into the underwriting project.
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The MGA writes management liability, professional indemnity, crime and cyber risk.
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The carrier has appointed Fidelis’ Arif Rahman the head up the facility.
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The MGA will offer coverage to trustees administering assets of more than $5mn.
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The DUA service is aiming for $1.5bn GWP within three years.
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Fusion Specialty UK will provide access to the company’s M&A insurance online (Mio) product.
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The move is part of a wider Ascot strategy that will see the imminent launch of an MGA platform headed up by David Leathem.
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In terms of revenues, the highest ranked MGA in Insuramore’s survey was Brown & Brown, closely followed by Gallagher, Ryan Specialty, Amwins and Truist.
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SiriusPoint has announced a strategic partnership with home rental insurance MGA Garentii, providing paper, balance sheet and risk advisory services to the InsurTech.
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The appointment comes after the MGA brought new capacity to the cargo market last year with a $18mn facility.
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Managing partner Brian Hayes will lead the unit that aims to serve SMEs.
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