Meet David Ashby Underwriting Ltd (DAU), the first managing general agent brought to the market by new MGA management agency BPB Underwriting Management Ltd (BPBUW).
DAU, a specialist equine MGA, was formed following the buyout of MS Amlin’s equine book of business and renewal rights by the global (re)insurer’s former managing director and principal underwriter for equine David Ashby.
Led by Ashby in his new capacity as chief executive officer and chief underwriting officer, DAU will service MS Amlin’s existing livestock and bloodstock business through a purchase agreement designed to ensure complete continuity of cover and service. It is expected to underwrite gross written premium of approximately £25 million this year.
Underwriting began January 01, with MS Amlin serving as lead underwriter and providing 50% of capacity for DAU through a joint venture with specialist insurer Hiscox.
“I’m excited to lead our specialist bloodstock underwriting business and to have secured the ongoing support of MS Amlin, alongside new capacity provided by Hiscox,” commented Ashby. “The confidence BPB Underwriting Management has shown in our team’s underwriting expertise has ensured that our business is off to a flying start and I’m confident that 2020 will be a great success.”
Meanwhile BPBUW will be supported by Asta Underwriting Management Ltd and Marsh, which will provide operational services and broking for the business, respectively.
