US Risk (UK) launch new Lloyd’s MGA

US Risk (UK) has launched a new Lloyd’s MGA. With capacity from Lloyd’s syndicates and non-Lloyd’s insurers, Lime Underwriting will initially concentrate on the UK and international financial lines sector, including professional indemnity, D&O, management liability, pension trustees liability and commercial crime – all in both the regional and London markets.

Jonathan Morgan and Lindsay Noble have joined to start the company and have responsibilities for developing broker relationships and underwriting respectively. Morgan has over 25 years’ experience in the specialty lines market, having worked in the US, Switzerland and both London and regional markets. Noble has over 20 years’ experience in the financial lines market and has established and managed regional financial lines teams dealing with both regional and London brokers. She was a founder member of the PRI Group and has previously worked for Novae, RSA, Markel and Brit.

“Launching Lime Underwriting fits very well with our strategic intentions to develop and grow our MGA platform globally within the group. Our shareholders; US Risk Inc are the eighth largest MGA in the US and BP Marsh has a vast amount of knowledge in investing and building global MGA platforms so it seemed logical to use this experience," said CEO of US Risk (UK), Mike Lobb. "We like to recruit focused and likeminded people, Jonathan and Lindsay are experts in their fields having run successful MGA businesses in the UK previously. Their commercial knowledge, technical expertise and professionalism will help build Lime Underwriting into a leading financial lines MGA. I am very pleased to welcome them on board.”

Brokers will be able to trade with Lime Underwriting through its bespoke automated underwriting and distribution platform, created in partnership with ViPR, the IT software solutions provider for the insurance industry. It allows brokers to generate and issue quotations and policy documents from their own offices.

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