Topsail Re publicizes JV with Bishop Road for MGA assist

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

This partnership sees Topsail Re present advantages to managing basic brokers (MGAs) and program directors throughout the community. It’s going to supply 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 latest main, fronting, and reinsurance provider relationships, facilitating the growth of current applications, the introduction of latest 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 yr 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 observe document in development planning and execution inside Aon’s portfolio of North American specialty insurance coverage applications.

Levine expressed enthusiasm concerning 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 associate for Bishop Road as we proceed working with MGAs within the specialty P&C business house and is a transparent differentiator within the market,” Levine stated.

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 crew acknowledged the potential of what we’re constructing, and we’re excited to work collectively to capitalize on this specialised section,” Weber stated.

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

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

Following the three way partnership’s institution, Johnson and not too long ago appointed Topsail Re chief technique officer & govt vp Christopher Miller will be part of the Bishop Road board of administrators, with Gubash serving as a board observer.

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