MS Amlin has announced a minority investment in a US-based MGA, InQlusiv.
The investment aims to support the start-up in providing a range of policies for underinsured SMEs across the US with simple and cost-effective cover that can be purchased online, as well as accessed immediately post event, via a single parametric trigger.
The initial product offering covers both property and liability exposure, alongside a digital business interruption policy. Over time InQlusiv will expand available coverage to include commercial general liability property, business auto, e-business cover, workers comp, small group life and SME health benefit packages.
Johan Slabbert, CEO of MS Amlin Underwriting, commented: “We’re delighted to invest in such an innovative, community-oriented company like InQlusiv. ESG anchors everything that InQlusiv does and we’re looking forward to learning from them as both businesses grow together in the US market.
“The transaction underpins our growing commitment to invest, learn and grow our ESG experience and capability through a diverse range of developments and initiatives. We’re excited by the significant opportunity that InQlusiv and our growing US MGA strategy represents.”
Andrew Terrell,managing partner commented: “We’re so pleased to have the support of MS Amlin as one of our key investors as we prepare to go to market and launch what will be part of the next chapter in the development, distribution and servicing of insurance for a more diverse and inclusive world. We believe our community-centred vision, alongside our underwriting discipline and highly efficient platform will support our growth and profitability in the months and years ahead.”
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