Recently launched MGA secures new capacity deal with Axa XL

Amiga Specialty has secured a new capacity deal with Axa XL for its financial institutions proposition.

The partnership will initially focus on financial institutions risks, supporting the MGA’s portfolio across directors’ and officers’ liability, professional liability and crime.

Amiga Specialty hopes the move will help it deliver broader limits and continuity for clients and accelerate growth across its financial institutions lines.

Jamie Ricketts, who joined Amiga Specialty in October last year as managing director of financial institutions, said: “Financial institutions has been a core focus for Amiga Specialty from day one.

”This partnership strengthens our ability to support brokers and clients with a consistent, globally relevant proposition across D&O, professional liability and crime, delivered with the underwriting focus and responsiveness that define Amiga Specialty.”

’Long-standing commitment’

Established in June 2025 with the help of private equity firm BP Marsh, Amiga Specialty is focused on writing specialty products on behalf of blue-chip insurers and reinsurers.

The firm was founded by Adam Kembrooke, the former US chief executive at Nexus Underwriting, who serves as the MGA’s managing director.

He said: “We are delighted to be partnering with Axa XL, a business with a truly global reputation and a long-standing commitment to specialty insurance.

“Its scale, financial strength and underwriting heritage make them a natural partner for Amiga Specialty as we continue to build a best-in-class global specialty platform.”