PRESS RELEASE: OneAdvent to help drive growth at BP Marsh-backed MGA Verve
OneAdvent, the specialist MGA and broker services platform, has been chosen by BP Marsh-backed Verve Risk Services Limited (Verve) to support its development plans.
Verve is a recognised leader of solutions for insurance industry participants. The MGA currently underwrites professional and management liability risks in the US, as well as Canada, Bermuda, Cayman Islands and Barbados, with a specific focus on insurance companies and captives.
Verve’s co-founders and directors Scott Simmons and Alan Lambert have decades of specialist experience in this market and have built a strong business and client base that recently secured funding from BP Marsh.
OneAdvent will be critical in providing the regulatory, compliance and business oversight needed to take Verve to the next level and support their expansion plans.
Alan Lambert commented:
“We’re proud of how Verve has grown since Scott and I established the business in 2016. We look to build upon this and diversify into additional product lines, ultimately developing the company into a highly specialised underwriting agency with wide market recognition.
The expert business support from OneAdvent will provide us the secure regulatory framework we need to establish ourselves as a mature, leading specialist in the market.”
Tim Quayle, Managing Director at OneAdvent added:
“OneAdvent has years of experience supporting talented underwriters to achieve their growth ambitions with a suite of support services that allow them to focus on what they do best – underwriting strong, profitable risks.
We want to play a significant role in Verve’s future plans, providing them with the bespoke compliance and regulatory knowledge they need to thrive and expand.”
Focused on getting insurance businesses to market – and fast – OneAdvent brings its sector expertise and technical know-how to bear for forward-thinking insurance businesses around the world. Collaborating with established industry players and entrepreneurial start-ups alike, we help our clients turn innovative ideas into genuine success stories.
We’re committed to challenging the status quo in a traditional, highly-regulated environment. With continued investment in our business and an empowering, hands-off approach, we’re ready to take advantage of the changing face of insurance. Bringing agility, flexibility and creativity to the market, OneAdvent is the industry’s innovation accelerator. https://advent.global/