Arbol Inc. (Arbol), a parametric risk transfer, climate, and weather reinsurance underwriter, has appointed Pro MGA Global Solutions (Pro MGA) to support its launch in the UK and its international MGA expansion strategy.
“We are delighted to be supporting Arbol’s UK and international growth ambitions for its MGA strategy and look forward to helping the company to realise its important expansion plans in this sector,” said Danny Maleary, CEO of Pro MGA Global Solutions.
Arbol’s launch of a new MGA based in London is part of its expansion into the UK and will see it offer a range of products for industries such as agriculture, renewable energy, and construction. This expansion aims to serve international insurance markets outside the US.
“Our expansion into the UK is a key moment for Arbol as we continue to provide businesses with straightforward and practical tools to manage climate risks,” said Sid Jha, CEO and founder of Arbol.
“Our London-based MGA combines the proprietary technology, data, and underwriting tools of the Arbol ecosystem with our team’s global expertise in structuring climate solutions – thereby offering businesses a reliable shield against seasonal and catastrophic climate risks,” he added.
With the appointment, Pro MGA will deploy its full incubation services which also include its turnkey solutions as an appointed representative. This will provide Arbol with strategic and regulatory oversight as well as back office services, according to a news release.
Jha noted that Pro MGA’s regulatory support, as well as its appointed representative framework, was what drove the firm to partner with them.
“We are looking forward to working with Danny and his team as we embark on the next chapter of our growth journey,” said Jha.
“We very much look forward to working with the Arbol team as they continue their mission to empower organisations and individuals to achieve financial climate resilience,” said Maleary.
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