Occam adds new terrorism and specialty lines at Lloyd’s with MGA Beech buy

London-headquarterd managing general agency (MGA)  Occam Underwriting has finalised purchase of terrorism and specialty lines MGA and Lloyd's cover-holder Beech Underwriting.

The acquisition, pre-announced in October 2021, follows Occam’s diversification strategy targeting additional specialty lines, a move being supported by the MGA's majority investor Hudson Structured Capital Management with its re/insurance operations in unit HSCM Bermuda.

Occam chief executive officer Mark Fisher (pictured right) said: “The team at Beech have built a very successful MGA, with agents throughout the UK, and we can now look ahead to developing and supporting them moving forward.  They have a strong relationship with an established panel of Underwriters that the management team at Occam are also looking forward to working with.”

Beech Underwriting Agencies managing director Geoff Stilwell (pictured left) said: “The whole team here at Beech are very excited to be going forward with Occam.  Beech has enjoyed fantastic support from the market over the years and we look to continue to grow and firmly establish Beech as the market leader in Terrorism insurance.”

Sides previously announced that Beech's team will continue to be led by the current leadership of Geoff Stilwell, Andrew Woodhams and Matt Gates from their Maidstone offices.

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