Two industry veterans launch new UK MGA

A new MGA called Specialty MGA UK has been launched by two senior executives with vast experience in  Lloyd’s and with  PartnerRe.

The team is headed up by Philippe Bara (Pictured Right), class underwriter for energy, who has moved from broking to return to his previous expertise in underwriting.  Bara has worked for PartnerRe as a senior underwriter in the past 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.

He is joined by Mark Palmer (Pictured Left) 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.

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

Specialty MGA UK says it will offer flexible and alternative solutions, providing all line services across all territories. It is backed by rated securities, with more securities currently being added to a panel of reinsurers.

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.

Bara said: “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 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.”

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