Following its current model refresh Oli Williamson, co-founder and chief underwriter, explains how Facet is searching for to develop its core mid-corporate market providing into new areas reminiscent of terrorism and cyber – with a watch very a lot on the way it can leverage expertise to enhance decision-making.
What attracted you to start out up your individual MGA?
Beginning our personal MGA was pushed by a mixture of market want, innovation, and a want to make an actual affect within the insurance coverage house.
We recognized a major hole available in the market the place mid-market dangers had been being underserved because of Lloyd’s growing minimal premiums. Many companies that when had entry to high quality protection had been now struggling to safe insurance coverage – or worse, had turn into uninsurable.
This introduced a chance to do issues
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