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The MGA’s underwriting firepower rises by 15%.
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The executive joins as head of offshore renewable energy following the MGA’s takeover by Tokio Marine HCC.
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The construction, leisure and commercial sector MGA will join the group’s Geo Specialty business.
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AGCS is one of four capacity suppliers alongside Swiss Re Corporate Solutions, Aspen and Scor. -
Alcor Group will operate out of Bermuda and London, with initial capacity of $10mn per programme.
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Move comes amid double-digit rate hardening in the US commercial auto market.
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The Accredited program partner has plans to expand into new lines of business.
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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.
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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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