Carrow Insurance, a newly established Managing General Agent (MGA), has launched in the European mid-market insurance sector, offering customised products in warranty, accident and health, and income and payment protection.
Headquartered in Ireland, the company aims to serve 27 European countries, supported by A-rated capacity and long-term partnership agreements of up to five years.
Carrow is led by Ronan Conboy, former CEO of AmTrust International, and backed by Mission Underwriters, which provides capacity via the Accelerant Risk Exchange.
“This new business will focus exclusively on addressing a significant gap in the warranty, accident and health, income and payment protection packaged products market, distributed through our broker and partner network,” Conboy said. “These sectors are ripe for disruption and innovation, particularly in today’s environment, where consistency and reliability are crucial. Our flat organisational structure enables quick decision-making and provides direct access to underwriters. We believe this approach will offer our brokers and partners significant advantages.”
Mission Underwriters CEO Adrian Morgan praised Conboy’s leadership. “Ronan is an accomplished C-suite insurance executive with over 25 years of industry experience and a track record of driving global transformations which will be invaluable to Carrow’s success,” Morgan said. “As our sixth MGA launch in the last 12 months, we’re providing backend support to enable Ronan and his team to focus on exceptional underwriting and partner service.”
Mission Underwriters, founded in 2021 and backed by Altamont Capital, is a US-based private equity firm managing over $4.3 billion in capital, specializes in supporting MGAs. The organisation provides underwriters with capacity and assistance in business operations, finance, technology, marketing, and regulatory compliance to establish and grow specialist insurance MGAs.
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