16.2 C
New York
Monday, April 15, 2024

Topsail Re proclaims JV with Bishop Road for MGA assist

Topsail Re proclaims JV with Bishop Road for MGA assist | Insurance coverage Enterprise America

It would present advantages for program admins throughout the community

Topsail Re announces JV with Bishop Street for MGA support


Kenneth Araullo

Bishop Road Underwriters has revealed a brand new collaborative enterprise with Topsail Reinsurance.

This partnership sees Topsail Re present advantages to managing common brokers (MGAs) and program directors throughout the community. It would provide most well-liked capability and entry to Topsail Re’s underwriting and administrative proficiency.

Moreover, this initiative is designed to spice up the event of recent major, fronting, and reinsurance provider relationships, facilitating the enlargement of present applications, the introduction of recent merchandise and applications, and the acquisition of underwriting groups.

Bishop Road primarily collaborates with entrepreneurs, operators, and underwriters throughout specialised property and casualty (P&C) markets. Launched final 12 months with management from CEO Chad Levine and president Chad Weber, Bishop Road advantages from the backing of RedBird Capital Companions.

Levine, with a historical past of management roles at Aon, together with as Aon Affinity’s chief technique officer, has a monitor report in development planning and execution inside Aon’s portfolio of North American specialty insurance coverage applications.

Levine expressed enthusiasm in regards to the partnership with Topsail Re, emphasizing the strategic use of capability to assist the expansion of platform companions and the importance of most well-liked capability for MGAs.

“Topsail Re is the perfect first companion for Bishop Road as we proceed working with MGAs within the specialty P&C industrial area and is a transparent differentiator within the market,” Levine mentioned.

In the meantime, Weber brings expertise as a former managing director at Man Carpenter’s North America treaty apply, the place he was instrumental in main reinsurance placements and managing relationships with international insurance coverage carriers and MGAs.

Weber famous the synergy between RedBird’s historical past of firm improvement throughout the insurance coverage sector, together with Constellation Affiliated Companions, and Bishop Road’s multi-boutique platform mannequin.

“The Topsail Re staff acknowledged the potential of what we’re constructing, and we’re excited to work collectively to capitalize on this specialised section,” Weber mentioned.

Topsail Re CEO David Johnson and managing director Tom Gubash additionally expressed the corporate’s dedication to supporting Bishop Road’s numerous vary of companions with obligatory underwriting, distribution features, and capital throughout specialty strains.

“For Topsail Re, this partnership with Bishop Road and RedBird is in direct response to 2 key components: our present companions persistently requesting strategic development capital along with our risk-capital (reinsurance) capability options, in addition to our need to repeatedly evolve alongside our shoppers by increasing the breadth of our capabilities and partner-first options,” they mentioned.

Following the three way partnership’s institution, Johnson and lately appointed Topsail Re chief technique officer & govt vice chairman Christopher Miller will be a part of the Bishop Road board of administrators, with Gubash serving as a board observer.

What are your ideas on this story? Please be at liberty to share your feedback beneath.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles