Specialty MGA UK Debuts In London

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Specialty MGA UK Debuts In London

Near Lloyd’s market in London, a new MGA has been introduced. With an emphasis on adding capacity for specialized lines of business and difficult-to-place risks, Specialty MGA UK was established.

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The release claims that flexible and alternate solutions are at the core of this client-focused MGA. It is backed by rated securities and will offer all-line services in all regions. Additional rated assets are now being added to the panel of reinsurers.

According to Specialty MGA UK, it will provide the market with a new and significant capacity with deep underwriting knowledge, giving brokers and their client’s quick decisions and responses.

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.

Specialty MGA UK Debuts In London

Philippe Bara, Specialty MGA UK’s Class Underwriter for Energy, commented: “Specialty MGA UK will provide brokers and their clients with answers straight away. Our extensive experience as senior underwriters in the industry and deep understanding of our client’s 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 their ever-changing needs.”

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Philippe Bara, Class Underwriter for Energy, has left broking to return to his previous expertise in underwriting and head the Specialty MGA UK team.

Bara has previously worked for Partner Re as a Senior Underwriter and brings with him 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.

Specialty MGA UK Debuts In 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.

Throughout his extensive career, Palmer has written for both Lloyds of London syndicates and London-based companies. His underwriting experience covers most trades, occupations, and territories with a focus on Central and South America in the last ten years, overseeing property referrals worldwide.

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Palmer commented: “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 by providing their clients with speedy, concise, and predictable services that will significantly reduce their cost of risk.”

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Specialty MGA is backed by Specialty Management UK which has interests in other insurance entities including MGAs, insurance, and a Lloyd’s broker.

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