Bobcat Re, a newly formed US-based MGA backed by private investors including members of the former K2 CAT team, has launched with a focus on delivering property treaty underwriting, portfolio management, and distribution expertise to capacity providers, working primarily through London-market brokers.
Carson brings 38 years of reinsurance experience as both a broker and an underwriter, specialising primarily in property treaty business. He previously served as Managing Director of K2 CAT (formerly Pioneer CAT), which he founded in 2013.
Jackson has been Safepoint’s Chief Reinsurance and Strategy Officer since October 2018, where he has led the placement of the company’s annual reinsurance programme.
He began his reinsurance career in 1983 as a treaty and facultative broker across Property, Marine, Energy, and Aviation lines, before shifting his focus to alternative property catastrophe reinsurance products with major U.S. brokers following the intense 2004–05 hurricane seasons.
Sharpington joined Carson at K2 CAT in July 2018 and has worked across the property catastrophe market in both broking and account management roles. He most recently served as a Senior Broker at BMS, having begun his career at Benfield in 2007. Sharpington is also one of the founding investors in Bobcat Re.
Carson commented, “Delighted to announce the launch of BOBCAT RE, LLC., a brand new US-based MGA established by a group of private investors, including the former K2 CAT team.
“The business model will be similar to K2 CAT, namely: delivering property treaty underwriting, portfolio management and distribution expertise to our capacity providers, principally via London-based brokers.
“Whilst James Sharpington and I will be based in London, all transactions will be conducted state-side. Looking forward to this exciting new venture and continuing to grow our business together!”
Bobcat Re explained that it carefully selects clients and builds long-term relationships, and that its carriers benefit from transparent, collaborative underwriting supported by a global broker network.
It noted that its decision-makers provide proactive, disciplined service backed by decades of experience, with a deliberate focus on the US, Japan, Canada and the Caribbean.
Bobcat Re added that its underwriting is supported by in-house modelling, actuarial, claims, compliance and MI resources.
All facilities are separate with single carriers, and lines are never aggregated across programmes. Minimum carrier rating is A- (AM Best or S&P).
The company said its USP is the ability to build fully bespoke portfolios aligned to each carrier’s risk appetite, aiming for profitable, durable results. Business can be written on a carrier’s balance sheet, through a fronting company, or via collateralised QS using a front.
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