Pro MGA Global Solutions, the independent managing general agent (MGA) incubation division of global re/insurance advisor Pro Global Holdings, has announced that it is extending its partnership with UK-based Calibrant Limited.
Calibrant specialises in the portfolio management and oversight of delegated authority business, partnering with both carriers and MGAs to create and maintain long-term, multi-year capacity provision.
The two firms have been working together since Calibrant’s launch in 2021, with Pro MGA providing the turnkey solution and appointed representative status that supported Calibrant’s growth to date.
Last month, Calibrant received full FCA authorisation, with the Pro MGA team providing support throughout the process and enabling it to trade in a regulated environment.
Danny Maleary, CEO of Pro MGA Global Solutions, commented, “We are delighted to have supported Calibrant through their start-up and incubated the business into a fully authorised firm and now extending the partnership with Calibrant.
“Our unique turnkey services provided the company with the necessary regulatory oversight to ensure it was compliant with FCA regulations.”
Maleary continued, “The partnership between Pro MGA and Calibrant highlights the importance of a regulatory framework in the MGA sector and the need for turnkey services that support the sustainable and successful growth of MGAs across their chosen territories and classes.
“Pro MGA’s blend of business and technical skills is tailored to support MGA teams and promote sustainable growth and we look forward to continuing to support Calibrant in the next stage of its development.”
Simon Pollack, Managing Director at Calibrant, said, “The strength of Pro MGA’s compliance support and appointed representative framework were key factors in our decision to partner with them in 2021.
“Due to the strength and success of the last two years, we are pleased to extend our relationship as we embark on our journey as a directly authorised firm.
“We are looking forward to continue working closely with the team at Pro MGA, exploring new opportunities and continuing to benefit from their compliance support structure.”
In related news, last month, Pro MGA announced a new partnership with specialist MGA, Casper Specialty UK Limited and Casper Specialty Europe GmbH.
Focused on financial lines and professional lines risks backed by long-term capacity support from Argenta, Casper plans to underwrite a significant portfolio of casualty business from 1 March 2023.
