Atec Group-owned MGA secures £120m of capacity in new deal

Atec Group-owned MGA Arkel has extended its relationship with AmTrust and secured an increased limit of £120m A-rated capacity over the next three years for non-standard household insurance.

Signalling a new phase in its growth strategy, the deal brings Arkel’s total annual capacity to £65m and complements its panel of long-term capacity providers. 

Bruce Whitmee, chief executive at AmTrust Speciality, said: “We’re pleased to extend our long-standing relationship with Arkel, a business whose appetite and nimble entrepreneurial approach is very much aligned with our own.

“We believe in partnering with trustworthy MGAs with strong distribution capabilities, reliable data and strong underwriting discipline that deliver sustainable growth.”

Meeting demand

Launched six years ago, Arkel has witnessed sustainable year-on-year growth and reached £42m gross written premium (GWP) at the end of 2024. It has a target to hit £100m GWP within the next five years. 

In September 2024, Arkel also secured an additional £25m delegated authority binder with Axis for landlords’ let property.

Kris Lee, chief underwriting officer at Arkel, said: “We’re delighted to announce this extension of our relationship and an increased limit with AmTrust. 

“We had reached a tipping point with more demand for our products than we were able to meet. This additional capacity will take the shackles off. 

”It will allow us to service a number of exciting significant deals already in our pipeline and further invest in developing and extending our extensive product range to deliver even more value for our capacity and broker partners.”