Arbol climate parametric taps Pro Global in mass MGA build-out
Parametric climate and weather underwriter Arbol has tapped the MGA incubation unit of global re/insurance consultant Pro Global Holdings for the build-out of its UK launch and its international MGA expansion strategy.
Pro Global unit Pro MGA Global Solutions (Pro MGA) will deploy its full spectrum of turnkey MGA incubation services for strategic and regulatory oversight as well as back office services.
Sid Jha, CEO and founder of Arbol, commented: “Our expansion into the UK is a key moment for Arbol as we continue to provide businesses with straightforward and practical tools to manage climate risks. Our London-based MGA combines the proprietary technology, data, and underwriting tools of the Arbol ecosystem with our team’s global expertise in structuring climate solutions – thereby offering businesses a reliable shield against seasonal and catastrophic climate risks.”
Danny Maleary, CEO of Pro MGA Global Solutions, said: “We are delighted to be supporting Arbol’s UK and international growth ambitions for its MGA strategy, and look forward to helping the company to realise its important expansion plans in this sector. ... As a leading independent MGA incubator platform, we are known for our ambition to provide an innovative and entrepreneurial platform – including regulatory support, operational infrastructure, compliance assistance, risk management expertise, and industry connections.”
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