Managing general agent (MGA) firm Arcadian Risk Capital (UK) has a new CEO in Hedley Blane.
The news was announced by Blane on his LinkedIn profile. According to the Arcadian Risk website, Blane currently serves as executive vice president of professional liability within the London team.
Before joining Arcadian Risk, Blane spent eight-and-a-half years at Markel Global Insurance Europe where he was divisional managing director. That followed a two-and-a-half-year stint at Hartford Financial Products International as its CUO.
The appointment of Blane to a CEO position follows news in March that the firm had reported gross written premium (GWP) of more than $225m in its first full year of operations.
The start-up, which is led by industry veteran John Boylan, launched in 2020 with Third Point Re (now SiriusPoint) as a partner.
At the time, Third Point Re, which made a significant capital contribution to Arcadian as well taking a minority stake in the MGA, said that it was targeting up to $125m of premium for 2021.
However, a year of rapid growth saw the MGA exceed this total by more than $100m, with Arcadian announcing GWP of over $225m for 2021, with further growth expected in the months ahead. Additionally, the company saw rate increases of between 20% to 30%.
