MGA plans to write £50m of GWP over five years

Newly-launched MGA Imperium Insurance Management has secured capacity with XL Insurance Company SE.

Imperium was launched in conjunction with Direct Insurance and plans to write £50m of specialist lines gross written premium in five years.

Managing director Tony Lawrence said: “I am delighted to have secured this deal with XL Catlin who will support our objective of growing the business profitably. The breadth of capacity, coupled with our sister company being a Lloyd’s Broker, enables us to give brokers different solutions to help them grow with us.”

Richard Jinks of XL Catlin said: “We are looking forward to supporting Imperium with solutions across a range of product lines. Imperium’s specialist focus fits with XL Catlin’s strategy to deliver innovative solutions for complex risks and enables us to enhance our growth through provincial brokers.”