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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.
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The carrier’s decision to withdraw comes just over a year after the partnership was announced. -
Tim Smyth, former CEO of Primary Group portfolio company RCHL, takes the helm of the MGA.
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The marine cyber MGA and risk manager was launched last year by ex-Standard Syndicate 1884 active underwriter Robert Dorey.
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In the post-Covid market, it looks likely that MGAs with scale, expertise and access to capital will win.
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