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The facility is backed by a $10mn Lloyd’s binder.
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The MGA and 49% owner SiriusPoint could bring in a new investor.
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He succeeds James Potter, who is set to become chairman at Rokstone.
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The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.
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VUW.ai rebranded from Vi Digital last March.
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The unit will write business from Australia, Canada, the UK and Europe.
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The executive said that the fragmentation of the European market has proved a barrier to entry in the past.
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In Partnership With Allianz CommericalWhat is fueling the intense mergers and acquisitions activity in the MGA space, and how is it shaping the competitive landscape?
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CEO McManus vows broker “will not be silent” over “unlawful” competitor behaviour.
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In Partnership With VIPR SolutionsPaul Templar, Co-Founder & CEO of VIPR Solutions, explores the drivers of growth, key challenges, and future outlook for MGAs in 2025.
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The insurer has renewed separate three and five-year arrangements.