Casper Specialty UK Limited, the specialist casualty-focused Managing General Agent (MGA), has announced the addition of two new capacity providers as it marks its second year of operations.
Chaucer and TMK will join existing provider Argenta to support Casper as it continues to expand its scale and scope through its underwriting strategy.
In its first year, Casper said that it achieved significant growth milestones, including the inauguration of a new office, an increase in staff, and the acquisition of a license to extend its operations in Europe with a new presence in Germany.
Operating independently yet as a sister entity to Miller, Casper focuses on underwriting a wide spectrum of financial institutions (FI) and professional lines insurance.
The company also reiterated its commitment to leading with regards to the business it writes and emphasised that it is is actively seeking to attract new underwriters interested in joining an entrepreneurial setting.
Bradley Knight, CEO of Casper, commented on the company's progress in the past year and welcomed the addition of valuable new capacity.
“I’m proud of the success we’ve achieved with Casper over its first year and look forward to continuing on our growth journey with the support of our high-quality capacity partners. Our experienced team of market-leading underwriters is allowing us to skilfully manage an evolving casualty market and we see real opportunity to deliver attractive returns through our differentiated underwriting approach,” he said.
“The three capacity providers now behind us are a strong demonstration of confidence in the team here, and we look forward to bolstering it by adding more talented underwriters who are attracted by what we are building,” Knight said.
Casper says its approach has not only facilitated its rapid growth but also underscored the confidence placed in its business model and underwriting capabilities by leading capacity providers.
As it enters another year of operation, the MGA aims to further enhance its position in the market by continuing to develop its unique underwriting platform and expand its team.
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