Reinsurance News
Castel Underwriting Agencies Limited
Castel Underwriting names Anthony Williams as Chief Risk Officer
22nd May 2023
Castel Underwriting Agencies has appointed Anthony Williams as Chief Risk Officer. Prior to joining Castel, Williams served as interim Chief Risk Officer at IQUW and Chief Risk Officer at CNA Hardy. Williams held Chief Risk Officer and Group Actuary roles in Hardy (Underwriting Agencies) Limited. He served as Associate Director of PricewaterhouseCoopers prior ... Read the full article
Castel launches North American Professional Liability underwriting cell
20th October 2021
Castel Underwriting Agencies has launched a new underwriting cell, North American Professional Liability (NAPL) to focus on the professional service business in the US. The cell is writing both primary and excess layer coverage for larger risk managed clients including law firms, accountants, architects and engineers and construction risks. NAPL has ... Read the full article
Castel transforms Square Pegs e-trading platform into standalone cell
21st May 2021
Castel Underwriting Agencies, the club-style MGA formation platform, has announced the transformation of its Square Pegs SME e-trading solution into a standalone underwriting cell. The move is in response to strong profitable business growth since launching as part of Castel’s specialty division in 2019. Square Pegs enables brokers to obtain coverage for ... Read the full article
Castel Underwriting appoints leader for renewable energy cell
16th March 2021
Castel Underwriting Agencies, the club-style MGA formation platform, has appointed Matthew Melville to lead its renewable energy underwriting cell. Melville joins from Albus Underwriting and brings Castel 20 years’ experience of the renewable energy sector. He was previously Chief Underwriting Officer at GCube Underwriting Limited and founder and Global Head of Renewable ... Read the full article
Castel expands into renewable energy market
18th December 2020
Castel Underwriting Agencies Limited, has entered the renewable energy market with a new proposition primarily aimed at asset and revenue protection for wind and solar energy producers. The company plans to underwrite a book of marine, construction and operating risks, business interruption, general liability, sabotage, terrorism and theft losses and natural ... Read the full article
MCI completes management buyout from Castel
21st September 2020
Casualty underwriters, Medical & Commercial International (MCI), a division of Castel Underwriting Agencies Ltd, has completed a management buyout from Castel's club-style MGA formation platform. MCI is a specialised casualty underwriting business launched on the Castel MGA platform in 2015. Today it writes over $50 million of annual gross written premium across ... Read the full article
Castel acquires renewal rights for Navigators Europe from The Hartford
17th July 2020
Castel Underwriting Agencies Limited's subsidiary, Castel Underwriting Europe B.V. (Castel Europe), has reached an agreement with U.S. insurer The Hartford to acquire the renewal rights for Navigators Europe, the trading name of the Bracht, Deckers & Mackelbert NV (BDM)/ASCO Continentale Verzekeringen NV (ASCO), Rotterdam marine business. The Hartford completed its ... Read the full article
Castel adds Arch’s Raoul Carlos as head of specialty
16th January 2020
Club-style MGA formation platform Castel Underwriting Agencies has appointed Raoul Carlos as head of specialty. The appointment comes as the firm looks to structure its underwriting cells and MGAs into a number of ‘centres of excellence focused’ on core classes of business. Carlos will lead the centre and oversee the strategy and ... Read the full article
Optio acquires political violence & terrorism MGA from Castel
3rd January 2020
Optio, the managing general agency (MGA) comprising Ascent Underwriting, Cove Programs and Bay Risk Services, has acquired specialist political violence and terrorism MGA Newbridge Risk Partners. Newbridge was launched in 2015 on the Castel MGA formation platform, writing a book of political violence and terrorism risks in emerging markets regions. With capacity ... Read the full article
Castel promotes European M&A division to standalone underwriting cell
19th March 2019
Castel Underwriting Agencies Limited, the club-style MGA formation platform, has promoted Transact Risk Partners from a division within the Castel Specialty portfolio to a standalone underwriting cell. Launched in October 2017, Transact provides warranty and indemnity insurance for mergers and acquisitions (M&A) transactions and tax risk insurance for tax liabilities across ... Read the full article
Castel adds marine specialty solution
4th February 2019
Castel Underwriting Agencies Limited, the club-style MGA formation platform, has included specialist marine coverages to its portfolio with the addition of Seacurus, a wholly-owned subsidiary of the Barbican Insurance Group. Led by Angus Bailey, Seacurus underwrites a book focusing on revenue protection and credit default protection insurances for the shipping industry, ... Read the full article
UK MGAs warm to InsurTech, raise Brexit concerns: MGAA survey
13th August 2018
UK Managing General Agents (MGAs) have become more receptive to the potential benefits of greater InsurTech integration, but remain concerned about the impact of continuing uncertainties around Brexit, according to the latest MGAA Matters survey. The survey, which represents a research based partnership between the Managing General Agents Association (MGAA) and ... Read the full article
Castel appoints Bob Cowdell as Non-Executive Chairman
5th July 2018
Castel Underwriting Agencies Limited, the club-style MGA formation platform, has appointed Bob Cowdell as its first independent Non-Executive Chairman. Cowdell takes over from Jon Godfray, who has served as Castel’s Chairman since the formation of the company in 2013. Castel hired Cowdell as a Non-Executive Director (NED) in May 2018, and ... Read the full article
Castel eyes European MGA growth with opening of Dutch branch
29th May 2018
In a move which is expected to bolster plans for an expansion of operations in Europe post-Brexit, the club-style MGA formation platform Castel Underwriting Agencies Limited (Castel), has announced the opening of its first branch office in Amsterdam. Castel’s European office is set to provide a platform from which to launch ... Read the full article
Castel hires Bob Cowdell as independent Non-Executive Director
15th May 2018
Castel Underwriting Agencies Limited, the club-style MGA formation platform, has announced the appointment of Bob Cowdell as its first independent Non-Executive Director (NED). Cowdell is currently a NED with Thomas Miller Holdings Limited and with Real Estate Credit Investment Limited, and has previously held NED roles at XL Catlin. He also has ... Read the full article
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