London, 1st March, 2023: Pro MGA Global Solutions (Pro MGA), the independent managing general agent (MGA) incubation division of global re/insurance trusted advisor Pro Global Holdings Limited (Pro), is pleased to announce that it is extending its partnership with UK-based Calibrant Limited (Calibrant)
Calibrant specialises in the portfolio management and oversight of delegated authority business, partnering with both carriers and MGAs with the aim of creating and maintaining long-term, multi-year capacity provision.
Pro MGA Global Solutions has been working with Calibrant since its launch in 2021 providing the turnkey solution and appointed representative status that supported its successful and compliant growth to date.
In February 2023, Calibrant received full FCA authorisation, with the Pro MGA team providing support throughout the process and enabling Calibrant to trade in a regulated environment. Having reached this milestone, Pro MGA is pleased to extend its relationship with Calibrant and will provide compliance support and regulatory horizon scanning services in 2023 and beyond.
Danny Maleary, CEO of Pro MGA Global Solutions, said: “We are delighted to have supported Calibrant through their start-up and incubated the business into a fully authorised firm and now extending the partnership with Calibrant. Our unique turnkey services provided the company with the necessary regulatory oversight to ensure it was compliant with FCA regulations.
The partnership between Pro MGA and Calibrant highlights the importance of a regulatory framework in the MGA sector and the need for turnkey services that support the sustainable and successful growth of MGAs across their chosen territories and classes. Pro MGA’s blend of business and technical skills is tailored to support MGA teams and promote sustainable growth and we look forward to continuing to support Calibrant in the next stage of its development.”
Simon Pollack, Managing Director at Calibrant, commented: The strength of Pro MGA’s compliance support and appointed representative framework were key factors in our decision to partner with them in 2021. Due to the strength and success of the last two years we are pleased to extend our relationship as we embark on our journey as a directly authorised firm. We are looking forward to continue working closely with the team at Pro MGA, exploring new opportunities and continuing to benefit from their compliance support structure”.