UK specialty MGA launches for hard to place risks

A new UK specialty MGA, with a focus on providing additional capacity for specialty lines of businesses and hard to place risks.

‘Specialty MGA UK’ provides all line services across all territories and is backed by rated securities, with more securities currently being added to the panel of reinsurers. 

Specialty MGA UK will offer new and meaningful capacity to the market with vast expertise in underwriting, providing brokers and their clients with immediate decisions and instant answers.

It is focusing on lines of business which include but are not limited to property, construction, energy, marine, construction, aviation, financial lines, accident & health and surety.

The team is headed up by Philippe Bara, class underwriter for Energy, who has moved from broking to return to his previous expertise in underwriting. 

Specialty and facultative solutions

Bara has worked for Partner Re as a senior underwriter in the past and has 30 years of experience in the energy market including windfarms, geothermal, offshore energy, power cables and shale gas and oil, in both Paris and London.

He is joined by Mark Palmer, senior underwriter for International Property, who has almost 40 years of experience working in the insurance and reinsurance industry.

Palmer has written for both Lloyd’s of London syndicates and London based companies throughout his extensive career. He was most recently at HDI as a property underwriter. 

Bara commented: “Our extensive experience as senior underwriters in the industry and deep understanding of our clients’ industry sectors allows us to respond to any requests or claims immediately without delay, providing clients with rapid underwriting decisions which cannot be matched elsewhere.

“We deliver real value to our clients through finding unique solutions to their requirements, providing flexible services and covers to sufficiently meet to their ever-changing needs.”

Palmer added: “Based in Central London and a short distance from Lloyd’s market, we are very keen to meet clients in-person to enhance our relationships and discuss their specific needs and requirements.

“As a new and forward-thinking MGA, we will do everything to make brokers’ lives easier through providing their clients with speedy, concise and predictable services that will significantly reduce their cost of risk.”