Two members of its management team come from Barbican Insurance Group
Arrow Risk Management (Arrow Risk) has launched a new MGA underwriting platform, led by Jon Godfray as chief executive and Mark Harrington as chief underwriting officer.
The platform aims to provide a highly efficient and effective trading environment for underwriting practices operating across speciality lines of business. Each practice will be managed by underwriters in their respective business lines.
Arrow Risk will commence trading on 1 December 2021 and will launch its first underwriting practice shortly thereafter.
Godfray said: “Arrow Risk is launching into a highly competitive but expanding MGA market, which demands a very strong value proposition.
“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 provides a compelling proposition for today’s market.”
Current trading environment
Godfray, who joins from Bermuda-based Barbican Insurance Group, has played a leading role in the establishment of several companies – including a large scale, London market MGA platform.
Harrington, also joining from Barbican Insurance Group, has decades of underwriting experience. He has previously overseen the launch of several MGA platforms, as well as provided underwriting oversight.
Alongside Godfray and Harrington, the business’ management team includes chief operating officer Mark Bridges and chief financial officer Lloyd Howson.
Harrington added: “The current trading environment is a positive one and we see a clear opportunity to capitalise on these conditions through our differentiated business model.
“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.”