Broker US Risk launches new Lloyd's MGA

Broking group US Risk (UK) has launched a new Lloyd’s managing general agency (MGA) called Lime Underwriting.

The new MGA will be backed by capacity from Lloyd’s syndicates and non-Lloyd’s insurers and will write in the regional and London markets.

It will initially focus on the UK and international financial lines sector, including professional indemnity, directors’ and officers’ liability, management liability, pension trustees’ liability and commercial crime.

Lime Underwriting will be headed by managing director Jonathan Morgan, who will be responsible for developing broker relations, and underwriting director Lindsay Noble.

Morgan has more than 25 years’ experience in the specialty lines market, having worked in the US, Switzerland and both London and regional markets.

Noble has more than 20 years’ experience in the financial lines market. She was a founder member of the PRI Group Plc and has previously worked for Novae, RSA, Markel and Brit.

US Risk (UK) chief executive Mike Lobb said: “Launching Lime Underwriting fits very well with our strategic intentions to develop and grow our MGA platform globally within the group.

“We like to recruit focused and likeminded people, Jonathan and Lindsay are experts in their fields having run successful MGA businesses in the UK previously.

“Their commercial knowledge, technical expertise and professionalism will help build Lime Underwriting into a leading financial lines MGA. I am very pleased to welcome them on board.”

Morgan added: “US Risk (UK) has an operational infrastructure and independent culture that provides a strong platform to help us build our business in both the regional and London markets.

“Our aim for Lime Underwriting is to be a market of first choice for brokers. Professionalism is central to this along with our ability to provide the market with innovative products and high service standards.”