London, 18 March 2019 – Following its continued growth, Castel Underwriting Agencies Limited (Castel) has promoted Transact Risk Partners (Transact) from a division within the Castel Specialty portfolio to a standalone underwriting cell on its MGA formation platform. Transact has expanded significantly, since its launch in September 2017, and provides warranty and indemnity insurance for merger and acquisition transactions […]

London, 1 February 2019 – Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Limited that supports individual underwriters with books of niche business, has included specialist marine coverages to its portfolio with the addition of Seacurus. Seacurus is led by Angus Bailey and underwrites a book focusing on revenue protection and credit default protection […]

London, Friday 7th September, 2018: Leading independent specialty Managing General Agent Nexus Group today announces that it has completed the acquisition of Altitude Risk Partners (“Altitude”) from the club-style MGA formation platform Castel Underwriting Agencies Limited (“Castel”) via an asset purchase. Altitude is an Aerospace MGA based in London, co-founded in 2014 by David Godley, Richard […]

MGAs see InsurTech as route to more customer-centric business models 18 July 2018  –  Managing General Agents (MGAs) are increasing looking to work with InsurTech firms to enable their businesses to become more customer-centric according to the latest MGAA Matters survey1; the research-based partnership between the Managing General Agents’ Association and MGA formation platform Castel Underwriting Agencies Limited (Castel).  The […]

Castel appoints new independent Non-Executive Chairman London, 2nd July 2018: Castel Underwriting Agencies Limited (Castel), the club-style MGA formation platform, has appointed Bob Cowdell as its first independent Non-Executive Chairman. Cowdell is currently a Non-Executive Director (NED) at Castel, having joined the firm earlier this year. He holds a number of other NED roles, which […]