Acies MGU, a managing general underwriter, has launched a new MGA specialising in financial lines. Named Subscribe MGA, the Lloyd’s-backed firm will provide professional indemnity, management liability, and directors and officers (D&O) coverage.
Headquartered in London, Subscribe MGA will operate in both the UK and international markets, focusing on the SME and mid-corporate sectors.
Mark Heath, Chief Executive at Acies MGU, said: “Launching Subscribe MGA allows us to offer essential financial lines protection for our SME clients while also entering the broader mid-market segment. This aligns with our strategy earlier this year, expanding Acies SME’s regional footprint from London and the South East to the South West and Midlands.”
He added: “Similar to Phoenix Specialty, Subscribe will write London market slip business as well as local international business. We are also progressing plans to launch additional specialisms, which will be announced shortly.”
Leadership and Expertise
Subscribe MGA is led by Rob McKay, Director of Underwriting, an experienced UK and international financial lines underwriter and former head of professional indemnity for the London market at Manchester Underwriting Management.
Acies MGU noted: “McKay is supported by a team of highly respected industry leaders with extensive London market experience, including roles within Lloyd’s syndicates and MGA platforms.”
McKay commented: “Subscribe MGA is built on a foundation of experience, agility, and a commitment to excellence. We are excited to bring a fresh perspective to financial lines underwriting and deliver meaningful value to our broker partners and clients.
“As a new MGA, we don’t have legacy systems restricting our way of working, and we leverage this fully, combining a highly technical underwriting approach with the power of technology. This allows us to reimagine the MGA model, enabling us to target larger, slow-moving competitors struggling to meet evolving market expectations.”