Parametric Climate Risk Transfer Specialist Arbol Appoints Pro MGA Global Solutions
By Lauren Hinton · 20 November 2023
Pro MGA Global Solutions (Pro MGA), the independent managing general agent (MGA) incubation division of global re/insurance trusted guidance provider, Pro Global Holdings Limited, is pleased to announce that it has been appointed by technology-led underwriter of parametric risk transfer, climate and weather reinsurance, Arbol Inc (Arbol), to support its UK launch and international MGA expansion strategy.
Arbol is a global leader in climate risk solutions and is expanding into the UK by launching a new London-based MGA which will service the international insurance markets outside the U.S. Arbol’s UK MGA will offer a range of products for the agriculture, renewable energy, and construction industries, and it will use its UK partnerships with capacity providers and brokers to broaden its global network.
Pro MGA will deploy its full incubation services including its unique turnkey solutions as an appointed representative, providing Arbol with the necessary strategic and regulatory oversight as well as back office services to ensure its continued successful and compliant growth.
Danny Maleary, CEO of Pro MGA Global Solutions, said:
“We are delighted to be supporting Arbol’s UK and international growth ambitions for its MGA strategy, and look forward to helping the company to realise its important expansion plans in this sector. We very much look forward to working with the Arbol team as they continue their mission to empower organisations and individuals to achieve financial climate resilience.
As a leading independent MGA incubator platform, we are known for our ambition to provide an innovative and entrepreneurial platform – including regulatory support, operational infrastructure, compliance assistance, risk management expertise, and industry connections – through which forward-thinking companies can expand into new markets with far greater confidence.”
Sid Jha, CEO and Founder of Arbol, commented:
“Our expansion into the UK is a key moment for Arbol as we continue to provide businesses with straightforward and practical tools to manage climate risks. Our London-based MGA combines the proprietary technology, data, and underwriting tools of the Arbol ecosystem with our team’s global expertise in structuring climate solutions – thereby offering businesses a reliable shield against seasonal and catastrophic climate risks.
The strength of Pro MGA’s regulatory support and appointed representative framework were key factors in our decision to partner with them and we are looking forward to working with Danny and his team as we embark on the next chapter of our growth journey.”
Companies in this story: Pro MGA Global Solutions, Arbol
People in this story: Siddhartha Jha, Danny Maleary