BMS-owned MGA has Liberty’s backing
BMS-owned MGA Pioneer Underwriters has launched a sub-syndicate at Lloyd’s in conjunction with Liberty.
Sub-Syndicate 1980 began writing business on 1 January and has a capacity of £70m for its first year of business.
Pioneer Underwriters chief executive Darren Doherty said: ”I am delighted that we have realised a key goal in the Pioneer growth story of launching Pioneer at Lloyd’s. This additional capacity and direct access to a Lloyd’s syndicate will widen our offering to our brokers and clients.”
Pioneer also announced that Andrew Stout has been appointed director of underwriting of Pioneer Underwriters in addition to his position as the head of Pioneer Preferred Partners.