New MGA officially launches with long-term capacity

Specialist MGA Carrow Insurance has officially launched in the insurance market.

In October 2024, it was announced that the firm would opens its doors later in 2024 and focus on the UK and Europe

Today (19 November 2024), its been confirmed that the MGA has launched in the European mid-market insurance sector.

The business specialises in warranty, accident and health, income and payment protection products and has a network of broker and distribution partners.

It will initially have the capability to write business in 27 European countries from its base in Ireland.

Ronan Conboy, chief executive at Carrow, said: “This new business will focus exclusively on addressing a significant gap in the warranty, accident and health, income and payment protection packaged products market, distributed through our broker and partner network.

“These sectors are ripe for disruption and innovation, particularly in today’s environment, where consistency and reliability are crucial.

“Our flat organisational structure enables quick decision-making and provides direct access to underwriters. We believe this approach will offer our brokers and partners significant advantages.”

Capacity 

Carrow is supported by Mission Underwriters, a private equity firm that works to help underwriters create and manage their own specialist insurance MGA.

Mission Underwriters has helped Carrow secure long-term capacity via the Accelerant Risk Exchange.

Adrian Morgan, chief executive at Mission Underwriters, said: “As our sixth MGA launch in the last 12 months, we’re providing backend support to enable Conboy and his team to focus on exceptional underwriting and partner service.

“Conboy is an accomplished C-suite insurance executive with over 25 years of industry experience and a track record of driving global transformations, which will be invaluable to Carrow’s success.”