Intermediary launches new Lloyd’s-backed ‘hyper speciality’ MGA

Insurance intermediary Superian Insurance Group has announced the launch of a new ‘hyper speciality’ MGA, Scious Underwriting.

The new firm will be backed by 100% Lloyd’s capacity and specialise in healthcare and medical malpractice risks.

Superian said the launch will “allow the group to cultivate new and existing relationships with broker-clients, in a market recently congested with vanilla MGAs”, as well as enhance its “high-touch approach to specialty underwriting”.

The launch of Scious Underwriting will be managed by Superian’s group managing director, Edwin Rajadurai, who has held various leadership positions across the business since 2014.

Rajadurai will focus on creating a roadmap for Scious Underwriting, as well as developing new relationships with broker-clients operating in the bespoke healthcare market.

Growth strategy

Superian has also recently launched a new SME directors’ and officers’ (D&O) insurance facility, part of what it described as a “UK and international growth strategy”.

Noah Jamal, founder and chief executive at Superian, said: “As a specialty insurance group, our vision is to create a hyper focused MGA, remaining true to our non-standard, specialty roots.

“The launch underscores our commitment to our broker-clients in expanding our offering and global footprint in a highly strategic manner.

“Rajadurai and I would also like to thank our supporting Lloyd’s carriers in helping us create a ‘best in class’ product, that will naturally strengthen our market coverage, whilst providing the best level of cover for respective assureds.”