Acappella launches as insurance holdings company
Acappella Group, the company funded by Willis and Ironshore, has launched as an insurance holdings company.
Subject to approval, Acappella will create a Lloyd’s managing agency to provide a full service to syndicates.
The company revealed that it will operate a managing general agent (MGA) business, providing capacity to the market through specialist underwriting team. It will also operate a fund management company, to manage the investment of third party capital into insurance underwriting businesses, subject to regulatory approval.
Jason Howard, CEO of Acappella, said: “I am tremendously excited to announce the launch of Acappella Group Holdings. We are building a group with underwriting, capital and distribution elements combined to create a highly progressive and unique market platform. We represent a revolution in the partnership between capital and risk by building closer strategic and financial links with our distribution networks.
“Our businesses will create significant new direct revenue streams and provide new underwriting capital, skills and expertise in the specialty market place. Today we have made a significant and positive commitment to the London market and will operate across our platforms, working in harmony with a common goal, to provide significant value to all our customers.”
