Acies MGU, a technology and data-driven Managing General Underwriter (MGU), has announced the launch of Subscribe MGA (Subscribe), its latest underwriting agency.
Subscribe is led by Rob McKay, an experienced UK and international financial lines underwriter and former Head of Professional Indemnity, London Market, at Manchester Underwriting Management Ltd.
He is joined by a team of industry leaders with extensive London market experience, including roles within Lloyd’s syndicates and MGA platforms.
Subscribe MGA is the latest addition to the Acies group of companies. Last year, the company launched Phoenix Specialty, a specialist MGA serving the construction sector.
McKay commented, “Subscribe MGA is built on a foundation of experience, agility, and a commitment to excellence, we’re excited to bring a fresh perspective to financial lines underwriting and deliver meaningful value to our broker partners and clients.
“As a new MGA, we don’t have legacy systems that tie us to a specific way of doing things, and we use this to our full advantage, combining a highly technical underwriting approach with the power of technology. This allows us to reimagine the MGA approach, giving us the opportunity to target larger slow-moving competitors that are struggling to meet the changing market expectations.”
Mark Heath, CEO of Acies MGU, added, “Launching Subscribe MGA enables us to offer key Financial Lines protection for our SME customers as well as entering into the larger mid-market segment. This supports our strategy earlier this year with the expansion of Acies SME’s regional footprint from London & the Southeast to the Southwest and Midlands.
“Like Phoenix Specialty, Subscribe will also be writing London market slip business and local international business. We are advanced with our plans to launch additional specialisms which will be announced shortly.”
About the Author
