OneAdvent, the specialist MGA and broker services platform, has announced the launch of Criterion Ltd (Criterion), an MGA underwriting niche classes of business including waste management, recycling and mining business across core territories including the UK, Australia, Republic of Ireland and in the near-future, the USA and Canada.
In the UK, Criterion will be led by Stuart Kinsella. Kinsella is an expert in the waste management and recycling sector and previously spearheaded the waste and recycling property team at Rokstone Underwriting.
Criterion has created a digital trading platform to produce a fast, simple and intuitive journey for customers, and will augment their collective underwriting expertise with extensive data analytics and modelling.
OneAdvent will support the MGA with the vital regulatory, compliance and business oversight needed to successfully launch Criterion in the UK.
Stuart Kinsella, Underwriting Director at Criterion commented:
“The recycling market is critically underserved from an insurance perspective and has historic issues with poor risk management and large losses. Criterion has assembled a team of experts in this complex class of business to create a sustainable recycling product underpinned by the best technical underwriting standards and technology. Our proposition centres around best-in-class customer service and fast turnaround times to help brokers to build lasting relationships with the market and their clients.”
Tim Quayle, CEO at OneAdvent added:
“The current market presents a clear opportunity for a provider like Criterion to make its mark with a quality offering backed by experts. It’s an incredibly complex class of business that requires a fresh approach. We were impressed by Stuart’s clear plan to build long-term relationships with insurer partners and brokers and also Criterion’s flexible approach to underwriting. We’re very excited to provide support for their successful launch.”
Criterion is backed by Australian MGU Criterion Underwriting.
For further information on OneAdvent please contact :
Kirsty Plank, Full Circle Communications
M +44 (0)7799178687
T + 44 (0)20 7265 7887
E [email protected]
Notes to Editors
About OneAdvent
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.
Request a call back.
Let’s get the conversation started today.
Sign an NDA.
Take the first step in the next stage of your MGA business.
