OneAdvent launches targeted new MGA catering for international financial institutions
Innovation incubator and MGA platform OneAdvent has launched a new financial institutions (FI) MGA, providing specialist insurance products to the global finance sector.
The only new MGA focused on financial institutions to launch in 2019, OneAdvent’s FI MGA offers comprehensive coverage across a number of key verticals, including banker’s blanket bond, D&O insurance and professional indemnity.
With market conditions seeing Lloyd’s of London place restrictions on business plans and the size of rate increases, many other syndicates in this space are effectively closed to new business. OneAdvent’s FI MGA is a timely launch, providing mid-sized financial enterprises worldwide with critical cover tailored to their operational demands.
The FI MGA is led by Roberto Murru, who has over 25 years of underwriting experience from various insurance companies and Lloyds syndicates. Commenting on the launch, Roberto said: “With the retrenching of Capacity, we have been able to take advantage of the Markets’ rate correction whilst maintaining our underwriting principles. The support from the Market has been constantly growing since our launch, as we look to deliver prompt service to our brokers. This has only been made possible by our A+ Capacity providers.”
Focused on getting innovative insurance businesses to market – and fast – OneAdvent provides a springboard for growth across the industry. Operating as an MGA platform, Lloyds broker and niche product distribution business, OneAdvent brings its sector expertise and technical know-how to bear for established industry players and entrepreneurial start-ups around the world.
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