Pro MGA Global Solutions, the independent managing general agent (MGA) incubation division of global re/insurance trusted guidance provider, Pro Global Holdings Limited (Pro), is delighted to announce its partnership with Casper Specialty UK Limited and Casper Specialty Europe GmbH (“Casper”), which was announced today and launches 1 March as a new specialist MGA, focused on the casualty market.
Focused on financial lines and professional lines risks backed by long-term capacity support from Argenta, Casper plans to underwrite a significant portfolio of casualty business from 1 March 2023. Headquartered in London, it will also be structured to write European business thanks to the regulatory and trading frameworks provided by Pro MGA Global Solutions.
The business will be led by Bradley Knight. Over a 36 year career, Bradley has established himself as one of the most highly regarded casualty underwriters in the London Market. Most recently he was Deputy Active Underwriter & Head of Casualty Insurance at Argenta. Bradley will join the board of Casper as CEO once regulatory approval has been obtained. He will be supported by Simon Sykes, currently CEO of Polo Managing Agency and Polo Commercial Insurance Services, as COO, and Hugh Sprowson, previously Head of FI at Argenta, as CUO.
Bradley Knight said: “We’re hugely excited to launch Casper to the market. The casualty market is undergoing dynamic change as it looks to adapt to factors such as high inflation and a more challenging economic environment; myself and the team believe that there is a significant opportunity to offer carriers a proven underwriting partner that can enable them to access the opportunities these market conditions present.”
“As a newly formed MGA, we will also look to put data at the heart of how we do business, offering real time access to our capacity partners giving them greater visibility over business written and underwriting performance. We are also delighted to have agreed a partnership with Argenta, building on the existing deep relationship. We look forward to beginning our growth journey with the support of our investors and market partners.”
Danny Maleary, CEO of Pro MGA Global Solutions, added: “Casper addresses the strong growth in demand for innovative, reliable and efficient solutions in the financial and professional lines sectors by applying fresh thinking and a scalable business model. Underwriting in the UK and Europe is only possible with the right regulatory frameworks and operational support – critical strategic elements which Pro MGA Global Solutions is bringing to the table to empower Casper’s sustainable growth going forward.
We’re excited and proud to have been selected to support the launch of Casper at this pivotal moment – as an independent MGA incubator we will partner with Casper, providing forward-thinking regulatory oversight and our unique and proven blend of business and technical skills tailored towards supporting the talented Casper team as they grow.
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