Global re/insurance provider, Pro Global Holdings has announced that its Managing General Agent incubator subsidiary, Pro MGA Global Solutions, is set to provide a incubator platform for Pet Proactive Limited (Pet Proactive).
Pet Proactive is an MGA that provides underwriting services for pet insurance on behalf of capacity provider – HDI Global Specialty SE (HDI).
In a press release, it states that Pet Proactive now operates as an Appointed Representative under the FCA permissions of Pro MGA Global Solutions, which provides regulatory oversight, compliance and back office services to support MGAs as they develop and scale.
“As an independent MGA incubator platform, we are known for our ambition to provide a unique, innovative and entrepreneurial environment for underwriters – particularly those with a strong focus on the technology sector, where Pro MGA Global Solutions can provide the perfect springboard for growth”, said Chief Executive Officer of Pro MGA Global Solutions, Danny Maleary.
He continues, “We are delighted to have entered into this agreement with Pet Proactive, where the team is developing a strong reputation in the technology and pet insurance space.
“Over the last year we have been embracing global growth and as we head further into 2022, we expect to see this success continue as we remain laser focused on being the partner of choice for a broad range of insurance providers.”
Pet Proactive Chief Executive Officer, Elizabeth Graham, added, “Pet Proactive is a technology-based business, set up in response to a need to simplify pet insurance and work more collaboratively with the veterinary industry. Harnessing the combination of data analytics and trusted veterinary partnerships we offer pet owners a fully automated experience and superior pet insurance products.
“Our partnership with Pro MGA Global Solutions will allow us to provide a full-service underwriting platform to our customers and will help us to take the next steps in our exciting growth plans.”
Meanwhile, Pro Global Holdings recently announced that UK specialist commercial insurance provider, Aurora, was being supported in its growth ambitions by Pro MGA Global Solutions.
