Ex-underwriting chief Colin Hart handed £25m capacity for his motor managing general agency
Markerstudy has thrown its weight behind a new motor managing general agency (MGA) with £25m in capacity.
The capacity has been handed to Colin Harts’ MGA, called Xpekt. He was the former active underwriter at KGM, Lloyd’s motor syndicate 260, which was snapped up by Canopius after being sold by Perseverance in 2010.
Hart said: “I have 30 years motor underwriting experience, 10 of which as the active underwriter for probably the most profitable motor syndicate in Lloyd’s illustrious history. I understand what UK brokers are looking for and I can assist in specialist areas of the motor sector.”
The business will based in Essex.
Markerstudy group underwriter director Gary Humphreys said: “Colin came to us with a robust business plan. We are approached regularly with concepts of this nature, but Colin’s strategy is in line with Markerstudy Group so we are delighted to provide logistical, advisory and capital support to Xpekt and quickly get products into the market.”
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