Newly established managing general agent (MGA), SXG Underwriting Limited (Specialty X Global), has been launched by Simon Global Insurance Group, while being approved as a Lloyd’s coverholder.
Specialty X Global is based in Hong Kong, and as an approved Lloyd’s coverholder, has the authority to underwrite specialty risks on behalf of Lloyd’s syndicate, providing clients and brokers with direct access to Lloyd’s globally recognised security, financial strength, and specialist underwriting expertise.
This also enables the MGA the ability to offer flexible and tailored solutions for complex risks, supported by the robust regulatory framework and reputation of the Lloyd’s market.
Additionally, SXG represents the first MGA and Lloyd’s coverholder platform established by a Korean broking group, marking a significant milestone in expanding specialty underwriting capabilities across Asia.
The MGA will initially focus on underwriting healthcare liability, covering medical malpractice and life sciences risks such as pharmaceutical product liability and clinical trial liability.
It will also underwrite general liability and other speciality risks, delivering comprehensive solutions to businesses operating across diverse industries.
Simon Oh, Group Chief Executive Officer (CEO), Simon Global Insurance Group, commented, “The launch of SXG Underwriting Limited represents a significant milestone in our strategy to expand our specialty insurance capabilities and build a stronger presence in the Lloyd’s market.
“As our first MGA investment, SXG reflects our commitment to developing underwriting expertise and delivering enhanced solutions to clients across Asia. We see strong long-term growth potential and remain focused on supporting SXG’s development as a leading specialty MGA platform in the region.”
Dong Woo Lim, CEO, SXG Underwriting Limited, added, “We are building more than just an MGA — we are creating a platform for the future of specialty underwriting in Asia. By combining Lloyd’s global strength with deep regional expertise, we aim to redefine how complex risks are underwritten and delivered to the market.
“Our ambition is to be a trusted partner for brokers and clients, bringing speed, flexibility, and innovation to an evolving risk landscape, while delivering a disciplined and sustainably profitable portfolio for our capacity providers.”
