Pro MGA Global Solutions (Pro MGA), a division of global reinsurance trusted advisor Pro Global Holdings Limited (Pro), is to extend its partnership with UK-based Calibrant.
Calibrant specialises in the portfolio management and oversight of delegated authority business.
As part of the renewed mandate, Pro MGA will continue to provide compliance support and regulatory scanning services to Calibrant.
Pro MGA Global Solutions has been working with Calibrant since the company’s launch in 2021.
The partnership between Pro MGA and Calibrant highlights the importance of a regulatory framework in the managing general agent (MGAs) sector, says Pro MGA’s.
It will also give support to sustainable and successful growth of MGAs across their chosen territories and classes, it adds.
Danny Maleary, CEO of Pro MGA Global Solutions, says: “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.”
Simon Pollack, managing director at Calibrant, comments: “The strength of Pro MGA’s compliance support and appointed representative framework were key factors in our decision to partner with them in 2021.”
He adds: “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.”
