Volante to launch new multi-class international MGA

Volante, a UK-based underwriting MGA, will launch a new multi-class, international MGA from Q1 2018.

Volante Global Limited will be led by Talbir Bains (pictured), chief executive and founder of Volante.

He said of the launch: “We are delighted to be launching a new and unique underwriting business. Volante will deploy upper quartile underwriting capabilities dovetailed with local and specialist distribution strength, supported by an optimised operational platform.”

Volante will underwrite specialist portfolios of insurance and reinsurance business, including property and casualty, professional and financial lines, motor, space and aviation and marine and energy.

Volante will be launching new MGAs in the new year. Its UK MGA business will be incubated by Vibe MGA Management.

Edison Motor will be the first underwriting team to launch. It will begin trading in February 2018 and offer a range of niche motor insurance products.

In early 2018, Volante will also launch Horizon Managing Agency AG (Horizon), a property and casualty reinsurance MGA focusing exclusively on the continental European market.

Nephila Capital will be Volante’s principal equity investor, with the Volante management team participating as minority shareholders.

Bains commented: “We are honoured to be partnering with Nephila as our principal investor, and it is an absolute privilege to be working with them on this very exciting new venture.”