Barbican Insurance Group has launched Barbican Specialty US, a new MGA offering wholesale excess & surplus (E&S) lines property insurance for small-to-medium commercial clients on the southeastern coast of the United States.
Barbican Specialty US will be based in Atlanta and Kansas City and operates exclusively through wholesale broker. The MGA will focus primarily on providing multi-peril insurance products for risks such as wind/hail, and AOP including flood and earthquake.
Covering a region from Virginia to Texas, Barbican Specialty US will offer cover for commercial operations ranging from retail outlets and condominiums, to nursing homes and hotels.
Barbican Specialty US will be led by Colin Mayo, previously executive vice president and chief underwriting officer at Ariel Specialty.
Mayo commented on the launch, “We believe that the property E&S sector in the US offers significant growth potential. We have an extremely experienced underwriting team who are well placed to capitalise on this. We will look to build on our strong broker relationships, based on our thorough understanding of client needs and ability to offer a swift and responsive claims service.”
Mayo had previously held senior underwriting positions at Rockhill Insurance Company, as chief property officer, ERC/GE Insurance Solutions, as head of global catastrophe underwriting, and English & American Group, as underwriting manager.
Bob Losasso also joins Barbican Specialty US as head of property and insurance operations and Kim Thomas as chief risk officer. Losasso has more than 25 years experience in the insurance and reinsurance industry, most recently as senior vice president of property E&S at Ariel Specialty. Thomas was previously VP of risk management at Ariel Specialty and has 15 years of E&S experience.
David Reeves, Group CEO of Barbican, commented, “At Barbican, we have secured a reputation for building successful, service-driven underwriting platforms. Establishing a physical presence in North America is a key part of our expansion plans. The Barbican Specialty US team have worked together for over a decade and have an impressive track record in this sector, I have no doubt they will prove to be an excellent addition to the group.”
