Arcadian Risk Capital to expand to the UK and Ireland
Arcadian Risk Capital, a Bermuda-based managing general agent (MGA) and part of the “Class of 2020”, has received regulatory approvals for new London and Dublin companies.
Arcadian UK standalone authorisation was approved by the FCA (Financial Conduct Authority) and Arcadian Ireland authorisation was granted by the CBI (Central Bank of Ireland) in August.
ThE approvals mark the next step in the evolution of Arcadian after it opened its office in Bermuda on January 1, 2021. Led by John Boylan, an industry executive with a 30-year track record in the global insurance market, the firm reported a gross written premium (GWP) of $225 million for 2021 following a year of rapid growth.
Boylan, chief executive officer of Arcadian said: “We are pleased to announce the regulatory approvals for our London and Dublin companies. It marks the next stage in our strategic journey and strengthens our value proposition as a global company offering superior service in the selection and structuring of risk management insurance products.”
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