Update From Else Holding on Mercutio Risk

Else Holding, the holding company that owns elseco (high technology specialty MGA), Peloton Underwriting (Buy-and-Build global MGA), and ATOM technology platform, announces today that Mercutio Risk Partners Ltd., formerly known as Montague Risk Partners Ltd (“MRP”), business will fold into else Group with immediate effect.

else Group’s global reach is enabled by its local presence in the United Kingdom, Switzerland, France, Sweden, United Arab Emirates, and United States. The group operates through three business pillars:

  1. elseco: Dubai-headquartered MGA, elseco, is the underwriting specialist for high-technology risks. The company harnesses continual product innovation, data-centric insights and a curiosity-led approach to create relevant insurance solutions across the globe. elseco runs on ATOM insurance operating system.

  2. Peloton Underwriting: London-headquartered buy-and-build MGA platform operating on ATOM insurance operating system with a local presence in France, UK, US and Sweden.

  3. ATOM Insurance Operating System: a technology platform enabling MGAs to run efficiently and develop tools and models to quantify, forecast and underwrite complex, rapidly evolving risks, while constantly researching for improvements.

The transaction will see MRP founder and CEO Donald Harrell join the else Group executive team reporting to CEO & Founder Laurent Lemaire. Donald Harrell will be Managing Director of else’s Buy-and-Build global MGA, Peloton Underwriting.

Donald Harrell said:

“I’m delighted to combine MRP with the else Group business suite, a renowned forward-thinking, technology-led platform. Joining Laurent and the passionate team of experts at else Group is a natural fit to continue our mission to deploy cutting-edge technology, relevant data sources and analytics to transform specialty underwriting and reduce operational expenses through a highly efficient insurance platform. I look forward to the next phase of our growth.”

else Group CEO & Founder, Laurent Lemaire, commented:

“We are excited to welcome Don together with the MRP business. Our technology, growth ambitions and Don’s clear vision to expand the frontier of specialty underwriting are an ideal match. Don is an outstanding leader who I am looking forward to working with as we continue our international expansion.”

About alastair walker 12131 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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