’I am very excited to be leading the expansion into the UK,’ says appointee
US managing general agent (MGA) Pinpoint Insurance Solutions has expanded into the UK after being acquired by Texas-based AM Specialty Insurance Group.
AM said it had acquired Pinpoint as it looks to expand its product offering and enhance service capabilities.
As part of its expansion plans, AM has also helped the MGA establish Pinpoint UK, which is based in London.
Brad J. Sickinger, president of Pinpoint US, said: “We are thrilled to join AM Specialty Insurance Group.
“This partnership marks a milestone in our journey, aligning our innovative approaches with a company that has a strong reputation in specialty insurance markets. Together, we will drive greater innovation and value for our clients.”
Appointment
Pinpoint will operate as a subsidiary of AM and will be backed with A-rated paper from AM Best.
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Its new platform in London will be led by Darren Powell as chief underwriting officer from September 2024.
Powell brings over 30 years of industry experience from RSA and Allied World.
Shaun Packman, with over 40 years of experience in marine and aviation business lines, will manage operations for the London-based entity.
“The impressive technology, wealth of data and strong entrepreneurial leadership of AM Specialty, combines powerfully with Pinpoint customer solutions,” Powell said.
“I am very excited to be leading the expansion into the UK at this important stage in the development of the business.”
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His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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