Pro Global snaps up MGA incubator Vibe
Specialist re/insurance provider Pro Global Insurance Solutions is acquiring Vibe MGA Management, the MGA incubator business of Vibe UK, which owns Lloyd’s managing agent Vibe Syndicate Management.
As part of the agreement, Pro will provide MGA services to VibeSM to support the growth of its core underwriting business.
The transaction is expected to complete in the second quarter following the transfer of Vibe's existing team to Pro.
Artur Niemczewski, CEO of Pro said: “I am pleased to announce the acquisition of VibeMM. Its highly experienced team brings a wealth of specialist knowledge that will allow us to provide a valuable additional means of supporting our clients.”
Danny Maleary, CEO of VibeMM said: “Pro offers an excellent platform and expertise that will help accelerate the business’s development while enhancing Pro’s overall proposition to their customers. This is a great opportunity and we are very much looking forward to joining the Pro team.”
Joe England, CEO of VibeSM added: “We are very pleased to have secured this agreement with Pro, which is well placed to support the continued development of Vibe MGA Management. Pro is a trusted partner with which we will maintain a close working relationship.”
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