MGA backed by Chedid Capital to focus on specialist lines including financial institutions and political violence
Momentum Risk Solutions UK, a newly-established managing general agent (MGA) backed by Chedid Capital, has officially opened its offices in London as part of a wider strategy to expand into the European insurance market.
The MGA will initially focus on specialist segments such as financial institutions and political violence, building on Chedid Capital’s experience across the Gulf, Middle East, Africa and Asian markets.
The move marks a step in Chedid Capital’s strategy to grow and diversify its international footprint, leveraging its existing reinsurance capabilities and technical underwriting expertise.
The group said it has been investing in its UK platform over the past year, assembling a team of experienced market professionals to lead the expansion.
“Our expansion into London builds on years of experience in some of the most complex and fast-evolving risk landscapes in the Middle East and Africa,” said Edward Traboulsi (pictured), CEO of Momentum.
“These are environments that have sharpened our agility, deepened our technical expertise, and pushed us to design solutions that are both robust and adaptable across borders. As we grow into Europe, we bring with us this ability to navigate uncertainty, backed by a broader reinsurance network that allows us to deliver value in highly specialised lines and segments.”
Momentum Risk Solutions UK will serve as the group’s European platform and is expected to play a key role in its broader international growth plans.
The launch comes at a time when London remains a strategic gateway for global underwriting access, particularly in specialist and emerging risk classes, the company said.
With established operations across multiple regions and a growing team of underwriters in London, the MGA said it would aim to capitalise on demand for nimble and expert-led capacity providers with regional insight and strong reinsurance backing.
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