Financial lines MGA secures new capacity to expand international opportunities

Specialist MGA services platform OneAdvent has signed a new Lloyd’s capacity agreement for its financial lines MGA headed up by Roberto Murru.

The new facility will allow the MGA to pursue new growth opportunities in the EU and emerging markets.

Provided by Casper Specialty UK, the new capacity complements the MGA’s existing arrangements and allows it to accelerate the next phase of its build-out.

Murru, head of financial lines at OneAdvent financial lines MGA, said: “This is a fantastic opportunity for our business.

”This new capacity allows us to compete globally with the strength of the Lloyd’s licenses behind us. We can leverage our experience and specialist knowledge of these territories to deliver great results for our capacity partners.”

Strengthened offering

Launched six years ago under Murru’s leadership, OneAdvent’s specialist financial lines MGA has seen sustained growth since despite the challenging market conditions for this line of business.

Tim Quayle, chief executive at OneAdvent, added: “Securing this additional capacity from Lloyd’s is key to broadening our footprint and strengthening our offering to the market.

”I am confident that Murru and his team will excel with the support of this new partnership.”