New financial lines focused MGA launches in UK

Kayzen Specialty, a new financial lines focused managing general agent (MGA), has been launched in the UK.

The MGA has been up and running since 13 July 2023 and will focus on the London and UK regional market.

It offers a product range covering commercial financial lines and financial institutions, including investment management insurance.

The MGA will be run by chief executive Charles Boorman, who has 30 years of experience in the London market.

Roles he has held during his career include head of financial lines at Neon and QBE Insurance.

At Kayzen Specilaty, Boorman will lead a team of underwriters based across the UK.

“The team that has been assembled so far is extremely experienced,” he said.

“This is testament to the vision of the company, how we will operate going forwards and the USPs we will be delivering to our brokers and clients in the coming months.”

New appointees

The MGA is launching with the support of Mission Underwriters and has secured long-term capacity from Accelerant Insurance Europe.

A range of new hires will join the MGA in the coming weeks, including James Sterling as head of claims.

Sterling, who will start the role in August, will be responsible for leveraging human and computer interaction to provide service delivery tailored to brokers’ and clients’ requirements.

He has 20 years of experience in the insurance market, having held senior roles such as claims director at Neon Underwriting and senior financial lines claims adjuster at XL Catlin.

On the underwriting side, Boorman will be joined by Craig Watson and Matt Whiteoak.

“Both are highly experienced professionals with impressive track records in the industry, having consistently achieved exceptional underwriting performance across various underwriting platforms throughout their careers,” a statement said.

Boorman added: “We will be building a broker centric business where the underlying risk characteristics will determine the balance between technology and human interaction to drive improvements and efficiencies into the market.

“This will ensure that underwriters can concentrate their time on what they should be doing, underwriting more complex risk and delivering better outcomes for our brokers and clients.”