Arbol has selected independent managing general agent, Pro MGA, to support the company in its UK launch and international MGA expansion strategy.
Arbol is a technology-led underwriter of parametric risk transfer, climate and weather reinsurance.
It is expanding into the UK with the launch of a new London-based MGA, announced last week, which will service the international insurance markets outside the US.
Arbol’s UK MGA will offer a range of products for the agriculture, renewable energy, and construction industries, and it will use its UK partnerships with capacity providers and brokers to broaden its global network.
Sid Jha, CEO and Founder of Arbol, commented: “Our expansion into the UK is a key moment for Arbol as we continue to provide businesses with straightforward and practical tools to manage climate risks.
“Our London-based MGA combines the proprietary technology, data, and underwriting tools of the Arbol ecosystem with our team’s global expertise in structuring climate solutions – thereby offering businesses a reliable shield against seasonal and catastrophic climate risks.”
Pro MGA will support Arbol by deploying its full incubation services including its unique turnkey solutions as an appointed representative, providing the company with the necessary strategic and regulatory oversight as well as back office services to ensure its continued successful and compliant growth.
Danny Maleary, CEO of Pro MGA Global Solutions, said: “We are delighted to be supporting Arbol’s UK and international growth ambitions for its MGA strategy, and look forward to helping the company to realise its important expansion plans in this sector.
“We very much look forward to working with the Arbol team as they continue their mission to empower organisations and individuals to achieve financial climate resilience.”
He continued: “As a leading independent MGA incubator platform, we are known for our ambition to provide an innovative and entrepreneurial platform – including regulatory support, operational infrastructure, compliance assistance, risk management expertise, and industry connections – through which forward-thinking companies can expand into new markets with far greater confidence.”
