Reinsurance News
Beat Capital Partners
Beat Capital Partners launches financial institutions MGA, led by Blair Bartlett
16th October 2025
Beat Capital Partners, an incubator of underwriting franchises and Ambac subsidiary, has partnered with Crum & Forster executive Blair Bartlett to launch 1889 Specialty Insurance Services, a financial institutions managing general agent (MGA). Based in London, 1889 Specialty will provide management liability and professional lines insurance to small and medium-sized enterprises ... Read the full article
Beat launches commercial middle market property specialist Fallow Grove
18th October 2024
Beat Capital Partners, a London-based incubator of underwriting franchises and a subsidiary of Ambac Financial Group, Inc., has launched Fallow Grove Insurance Services in partnership with former CrossCover executive Brett Dupre. The Fallow Grove product offering primarily specialises in technical and general commercial property insurance for excess and surplus lines, tailored ... Read the full article
Beat Capital and ex-AIG exec Doug Karpp to launch proRISE Insurance Services
20th September 2024
Ambac Financial Group’s London-based subsidiary and underwriting franchise, Beat Capital Partners and market veteran, Doug Karpp will launch proRISE Insurance Services (proRISE) on October 1st, 2024, which will specialise in management and professional liability insurance with a focus on small and medium-sized enterprises (SMEs). Karpp is a former executive at Hiscox ... Read the full article
Ambac completes acquisition of Beat Capital Partners
2nd August 2024
Ambac Financial Group has completed its acquisition of Beat Capital Partners, a London-based insurance underwriting and managing general agency (MGA) incubation platform. The acquisition follows an announcement on June 5, 2024, where Ambac disclosed it had signed a definitive agreement to acquire a 60% controlling stake in Beat for approximately ... Read the full article
Beat is a “perfect fit” for our strategic vision for the future of Ambac, CEO, LeBlanc
5th June 2024
Earlier today it was announced that Ambac Financial Group had signed a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited. This afternoon, a conference call was held which involved members of Ambac and Beat, discussing further details of the transaction. During the call, Ambac's President ... Read the full article
Ambac to acquire majority stake in Beat Capital Partners for $282m
5th June 2024
Ambac Financial Group has signed a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited, a London-based insurance underwriting and managing general agency (MGA) incubation platform, for approximately $282 million. As per Ambac, up to $40 million of the total approximation will be paid in shares of ... Read the full article
Beat to launch new credit insurance business with Stephen Pike as CEO
16th April 2024
Beat Capital Partners, a long duration investor specialising in the insurance industry, has announced its plans to launch a specialty and tech enabled credit non-payment insurance underwriter, Convergence. With an initial focus on Europe and North America, the business is expected to underwrite through a Lloyd’s consortium, led by Beat Syndicate ... Read the full article
Beat Capital Partners launches RedRiff in collaboration with Peter Wilkins as CEO
4th December 2023
Beat Capital Partners, a prominent long-duration investor specialising in the insurance industry, has unveiled its latest venture, RedRiff Agency Limited. RedRiff will function as a dedicated Accident & Health (A&H) underwriter, offering comprehensive coverage across a spectrum of specialised A&H insurance and reinsurance. The operations of RedRiff will be conducted through a ... Read the full article
Beat appoints Cunningham as active underwriter of Syndicates 4242 and 1416
23rd November 2023
Beat Capital Partners has announced that Andrew Cunningham, former deputy active underwriter, has assumed the role of active underwriter of Syndicates 4242 and 1416, effective immediately. Cunningham is a qualified actuary and knowledgable underwriter who collectively holds more than three decades of experience. Acting as deputy active underwriter since 2019, Cunningham has ... Read the full article
AdvantageGo announces partnership with Beat Capital Partners
4th October 2023
AdvantageGo, a commercial re/insurance software provider, has announced a partnership to provide its Exact exposure management platform to Beat Capital Partners, a venture capital investor focused on the insurance industry. As an incubator of insurance talent for ambitious and entrepreneurial underwriters and underwriting teams, Beat provides them with start-up funding, infrastructure, ... Read the full article
Beat Capital selects DXC Assure Insurance Platform for new era of digital insurance
23rd May 2023
DXC Technology has announced that Beat Capital Partners, a long duration investor specialising in the insurance industry, will implement DXC Assure Commercial and Specialty - DXC's cloud-based insurance platform - for Beat's syndicated policy administration. According to the announcement, Beat will move to DXC’s digital insurance platform and will use all features ... Read the full article
Beat Capital names new Head of Actuarial & Exposure Management
13th April 2023
Beat Capital Partners, a long duration investor specialising in the insurance industry, has named Ajay Ganger as Head of Actuarial and Exposure Management. Ganger is an experienced actuary who first joined Beat back in March 2020. Before this, he served as an actuary at Asta Capital Limited, having begun his career at ... Read the full article
Beat Capital launches specialist energy business Horace
4th April 2023
Beat Capital Partners, a long duration investor specialising in the insurance industry, has announced the launch of Horace Agency Limited, a specialist energy underwriter. Horace will focus exclusively on onshore and offshore energy insurance worldwide outside the US, with a focus on clients transitioning to a net zero environment, initially writing ... Read the full article
Marcato Marine Insurance Services sets sail
14th December 2022
Beat Capital Partners and industry figure Kevin Wolfe are teaming up to launch specialty marine underwriting agency Marcato Marine Insurance Services. The pair said in a joint statement that Wolfe would be the president and CEO of the company, with the rest of the executive team being comprised by Marq Wolfe, ... Read the full article
Beat Capital launches specialist environmental MGU Magnolia Grove
2nd August 2022
Beat Capital Partners, a long duration investor specializing in the insurance industry, and Justin Crawford, former head of DUAL’s environmental business, have together announced the launch of Magnolia Grove Insurance Services. Magnolia Grove will focus on the environmental insurance marketplace, offering coverage to SMEs in the US on E&S lines for ... Read the full article
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