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Beazley-backed vehicle hires Safeonline’s David Dickson, Protean Risk’s Luke Chesworth and Culture Trip’s Anthony Anderson.
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Sources told this publication that the carrier could be mulling an open market entry. -
The program administrator expanded into the business line at the beginning of the year.
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Covid-19 has accelerated dynamics in the MGA space, and now a tough 1 January renewal looms.
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Will Curtis will lead the new unit as property risk partner, as the MGA separately increases its energy capacity.
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The MGA is offering limits for between $1mn and $100mn of cover, with the intention of serving both the SME and large corporate market.
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The MGA platform has acquired the renewal rights for a book of cargo, hull and liability policies.
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The carrier began providing capacity to the MGA’s construction business through a consortium in 2014.
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The AJG-owned MGA currently writes £600mn of business and is looking to expand into new niche lines.
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The MGA had established the PCC as a way to align underwriting interests with its paper providers.
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Wayne Murphy joins from Trust Re to lead the new division.
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Mike Keating will start on 8 September and replaces Peter Staddon, who retires in August.
