Europe

Specialist Risk Group Launches MGA

Image

LONDON – 14 December 2021 – Specialist Risk Group (SRG) today announce the launch of MX Underwriting. Led by Lee Anderson, SRG Deputy CEO, and James Gerry, MX Chairman, MX targets being a £100M GWP business within its first year of trading.

Since its inception in January 2020, SRG have acquired 10 businesses, including specialist MGAs GB Underwriting, CLS Risk Solutions and Blackrock Insurance Solutions. These three businesses now come together with LIME Insurance to form the strong foundations of MX Underwriting, which has ambitious plans to grow both organically and through the acquisition of specialist MGAs.

SRG have also announced MX Underwriting will be able to provide solutions to broker partners and clients across the EU, which will enable SRG to scale both its UK and European MGA operations.

Specialist Risk Group’s current MGA businesses will continue to trade under their existing brands. It is planned that these brands will trade as MX by the end of 2022.

Lee Anderson comments on the launch of MX:

“Since we launched Specialist Risk Group, it has always been a major goal to have our own specialist MGA. I am therefore thrilled that we have delivered on this goal at such an exciting time. MX Underwriting is a dynamic, people-focussed and data driven business, led by highly experienced and specialist underwriters. Today, we bring together a group of over 65 outstanding underwriters and insurance professionals, who are passionate about what they do, who care about their brokers and clients and share the “core values” upon which we will grow.”

“MX Underwriting enters the market already placing significant GWP through our existing underwriting capability. We look forward to building upon this success, by welcoming new people and teams who want to be part of our exciting business.”

Trending
Share this Post:
Posted by IRL Editor

Advertisement

ad ad

Related articles

Patrick Rastiello joins Ardonagh Specialty to lead North America Reinsurance expansion

Ardonagh Specialty has appointed Patrick Rastiello as CEO* of its North American reinsurance operations.   Patrick will be responsible for building Ardonagh Specialty’s US reinsurance...

Global Markets Overview: February 2024

In this Global Markets Overview, we explore our global outlook and share what we think it means for 2024.  https://www.wtwco.com/en-gb/insights/campaigns/global-markets-overview As...

EAMONN CUNNINGHAM WINS RIMS HARRY & DOROTHY GOODELL AWARD

Risk Management Trailblazer Presented with RIMS Highest Honor for Lifetime Achievement in Risk Management  NEW YORK (February 13, 2024) – At the RIMS New Zealand and Pacific Island...

Insurer’s Lease More Than Doubles Its Chicago Office Space

Sompo International Plans Move to 46-Story Tower at 155 N. Wacker A global specialty insurance provider is more than doubling the size of its Chicago office in a move a few blocks north, bucking the trend...

Haynes and Boone, LLP is pleased to announce that Peter A. Halprin has joined the firm as a Partner

Haynes and Boone, LLP is pleased to welcome Insurance Recovery Partner Peter A. Halprin to the firm’s New York City office. A Chambers USA-ranked attorney, Peter joins from Pasich LLP, where...

LIO Specialty Launches Revolutionary Online Portal for Life Science Insurance Solutions

Leading the Excess and Surplus Lines Market with Innovative Coverage for Cannabis and Nutraceutical Industries  West Conshohocken, PA– LIO Specialty Insurance Company proudly announces the launch...