Start-ups
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West Hill Capital is the main investor in the capital raise. -
The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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MGA Amiga Specialty launched in May, with backing from investor BP Marsh.
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This will be the 15th cohort of companies to go through the Lloyd’s Lab.
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The tech firm is building a joint stock company with insurers and investors.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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The broker’s joint venture with Bain Capital still lacks a CEO.
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The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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US retailers have various levers to pull to put pressure on potential new competitors.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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The underwriter was head of financial institutions at LSM for six years.
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The firm will target mid-market risks with TIVs of $25mn-$1bn.
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The Asta-managed syndicate aims to commence underwriting later this year.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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Dan Prince said the firm will work with brokers’ existing relationships.
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BP Marsh announced its backing of Amiga, which is led by Adam Kembrooke, last month.
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The MGA will write natural resources professional liability business.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
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The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.
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The start-up has hired four people to join the division.
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The pair is looking to provide investment and strategic advice to early-stage firms.
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The former Volante chief is in initial talks with several parties.
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The Bermuda-based team is led by John Fletcher.
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BP Marsh has subscribed for a 49% shareholding in the start-up MGA.
