Re/insurance consultancy firm Pro Global has announced that its distribution services and managing general agency incubator unit Pro MGA Solutions has formed a partnership with start-up Katalyst Financial.
The move will see Pro MS provide a regulatory and compliance framework for Katalyst, a next generation MGA.
Katalyst is focused on delivering a wide and varied range of products that provide fast and efficient roll-out of programmes supported by a cloud-based bespoke digital platform.
“It is fantastic to be announcing an expanded partnership with Katalyst, bringing a whole new dimension to our offering,” said Danny Maleary, Chief Executive Officer of Pro MS.
“Philip and his team have quite rightly earned a reputation for delivering original and ground-breaking products and distribution mechanisms to their clients including, previously, eBay’s Auction Fraud cover, Chrysler’s Satisfaction Guarantee Product and Lufthansa’s Collision Damage Waiver programme.
“We look forward to working with them and further supporting their inspiring entrepreneurial spirit as they continue to develop new products that can enhance brands or increase customer loyalty to ultimately building these into workable insurance solutions.
“For Pro.MS, this is further proof that our global MGA incubation concept brings tangible benefits to the teams and companies that we support as they navigate this exciting and fast-evolving market.”
Phillip Misztela, CEO of Katalyst, added, “We are extremely proud of the launch of Katalyst in partnership with Pro.MS and to be supported by well-respected syndicates in the Lloyd’s market.
“With my co-founders, Stuart Cowen and market veteran John Marks, we bring the right blend of experience and innovation to provide exceptional service to our brokers, clients and distribution partners.
“Working with Danny and the Pro.MS team has been a huge advantage from the very start, not least thanks to their wide and well-established network and unparalleled, trusted expertise in the MGA space. We look forward to further growth and success in 2020 and beyond.”
