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

Liberty Mutual Insurance Appoints Leaders to Two Important New Roles in Global Risk Solutions

Crystal Ottaviano Named Global Risk Solutions Chief Risk Officer and Chantal Rodriguez Appointed Liberty Mutual Reinsurance Chief Underwriting Officer  BOSTON (Aug. 16, 2022) – Liberty Mutual Insurance...

Carol Frey Joins Concert Group®

CHICAGO, Illinois, August 18, 2022 – Concert Group Holdings, Inc. (“Concert”), the parent of insurance fronting subsidiaries Concert Insurance Company® (“Concert Insurance”) and Concert Specialty...

Lloyd’s syndicates’ 2020 and 2021 year of account projections

For distribution purposes Lloyd's operates a three year accounting system. The link below takes you to the latest syndicate forecasts on a year of account basis. Syndicate forecast information is provided...

Lloyd's: State backed cyber-attack exclusions

Source: Lloyd's > Read more of this > here Lloyd’s has told its syndicates that they must add cyber policy clauses that exclude state-backed cyberattacks linked to both physical and non-physical...

U.S. Employer Health Care Costs Projected to Increase 6.5 Percent Next Year

CHICAGO, Aug. 18, 2022/PRNewswire/ -- Average costs for U.S. employers that pay for their employees' health care will increase 6.5 percent to more than $13,800 per employee in 2023, according...

Aon Collaborates With The University Of California System To Enhance Wildfire Modeling By Leveraging The Latest Climate Science

CHICAGO, Aug. 10, 2022 - Aon plc (NYSE: AON), a leading global professional services firm, today announced a new collaboration between its Impact Forecasting team, the University...