Arrow Risk Management announced the launch of its new MGA underwriting platform, led by Jon Godfray as chief executive officer and Mark Harrington as chief underwriting officer.
The Arrow Risk platform provides a efficient and effective trading environment for underwriting practices operating across specialty lines of business. Each practice will be managed by leading underwriters in their respective business lines and will operate with strongly rated capacity.
Arrow Risk will commence trading on Dec. 1, 2021 and will announce the launch of its first underwriting practice shortly thereafter.
Godfray is a highly accomplished insurance market professional who has played a leading role in the establishment of several companies, including the London market MGA platform, Barbican Insurance (which was purchased by Arch Capital Group in 2019).
Similarly, Harrington has decades of underwriting experience and has overseen the launch and provided underwriting oversight for several MGA platforms. Harrington previously was group chief underwriting officer at Barbican Insurance.
Photo credit: Steve Dunlop
The management team also includes Mark Bridges, chief operating officer, and Lloyd Howson, chief financial officer. Bridges’ 40-year career spans operations roles within both UK and European insurance sectors, while Howson has managed the financial activities of Lloyd’s and London Market insurance operations for over 30 years.
The London-based Arrow Risk platform benefits from modern, flexible, high-performance technology architecture, the company said in a statement. The platform combines a number of system applications to facilitate the rapid production of quality underwriting and claims data and to achieve a fully optimised insurance administration process.
“Arrow Risk is launching into a highly competitive but expanding MGA market which demands a very strong value proposition,” said Godfray. “We believe that the proven MGA pedigree of our leadership team, our commitment to recruiting best-in-class, performance-focused underwriters, and the modern, scalable technology that underpins our platform, provide a compelling proposition for today’s market.”
“The current trading environment is a positive one, and we see a clear opportunity to capitalize on these conditions through our differentiated business model,” commented Harrington. “The insurance sector has undergone a period of dislocation and we are able to provide robust capacity and relevant products to areas of the market currently underserved. We are excited about having the opportunity to build profitable and sustainable portfolios that generate strong returns as the market continues to evolve.”
Source: Arrow Risk Management
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