For the latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC) and Darren Powell, CUO of Pinpoint UK, to hear their plans for the new MGA and how progress has been so far as the E&S carrier expands beyond North America into the London and UK specialty space.
Now available to watch for free, our latest video interview covers all things Pinpoint UK, the FCA authorised, London-based MGA launched by ASIC following its acquisition of Pinpoint Insurance Solutions last year.
Pinpoint UK received full FCA approval to carry out regulated insurance distribution and underwriting activities in the UK in June, and Barder and Powell discussed the importance of this milestone and why now is the time to enter the UK marketplace.
“The London market has been something that's been very close to my heart. It’s a fantastic place to trade. The talent pool that we have here, the variety of business we have here is something really special. So, to have the opportunity to really put together a team through all these many years of experience, with the backing of ASIC, was fantastic,” said Powell.
Expanding on this and what makes the UK a strategic priority for ASIC, Barder underlined that the E&S insurer views the London market as a centre of excellence.
“We feel that there is underwriting expertise in the London market that is truly unique. So, it is so exciting for us to be able to create an office and partner with Darren to build a platform in the London market. It really brings a unique set of skills to be able to establish ourselves there."
Watch the full video interview to hear more from Barder and Powell on the plans for and progress of Pinpoint UK, and what this means for ASIC in the expanding E&S market.
