Specialist Risk Group’s managing general agent (MGA), MX, has recently secured a new capacity agreement with Accredited Insurance (Europe) Limited (AIEL), which significantly boosts MX’s capacity in the UK and Ireland.
Established in 2021, MX’s new capacity model ensures stability and adaptability for its operations. This enhancement empowers MX to pursue growth opportunities while upholding consistent underwriting standards.
AIEL holds licences across Europe, enabling MX to explore new products and territories while expanding its underwriting capabilities and trade appetite.
Warren Downey, CEO of SRG, comments, “Our new partnership with Accredited signifies the next step for our flourishing MGA, MX. The long-term commitment from Accredited provides stability and reliability, as we enter the next stage of MX’s exciting growth journey. This new deal enables MX to increase its underwriting firepower allowing for higher limits and broader trades. It also provides enhanced flexibility for adding new products.”
“This is a significant development for MX, and we welcome the opportunity to speak with people and businesses eager to be part of this growing and exciting MGA within the market,” Downey concludes.
Colin Johnson, CEO at Accredited Europe, states, ‘’We are delighted to expand our relationship with MX. Having worked well with the MX team in Ireland for the past few years, we now regard them as a key partner to Accredited and our new and improved capacity contract across both the UK and Ireland evidences our commitment to their products, service and ambitious growth plans. We look forward to an exciting future together.
