Re/insurance consultancy firm Pro Global Insurance Solutions is set to rebrand Vibe MGA Management to Pro MGA Solutions in the UK after being granted regulatory approval.
MGA incubation platform Vibe was launched by Vibe UK Holdings in 2017 and was acquired by Pro Global earlier this year.
MGA incubators provide a platform and services to assist new and developing MGAs, offering a faster and more cost-effective way for them to get up and running.
Pro MGA Solutions Ltd will work with Pro’s global MGA operations which also include Pro MGA Solutions Inc, based in York, PA, US, while further European expansion is also planned for the coming months.
“The rebrand to Pro MGA Solutions Ltd in the UK paves the way for the combined Vibe MM and Pro teams to continue their dynamic growth journey, responding to strong demand for international reach, expert service and growth support capabilities in this space,” said Artur Niemczewski, Chief Executive Officer of Pro.
“Uniquely, we can help clients look at opportunities on both a local and a global level, giving access to opportunities they might not have previously been able to reach. We believe there are many great opportunities for carriers and brokers to break into new areas, broaden distribution options, geographic presence and product ranges through the MGA structure.”
Pro MGA Solutions CEO Danny Maleary, added,“It’s a great pleasure to receive the green light to rebrand as Pro MGA Solutions Ltd. Following our acquisition by Pro, we have received a strong flow of business enquiries, with at least 25 opportunities currently being considered for incubation. We are currently working with eight MGAs and have plans to expand this to 10 in the coming months.”
