PRZOOM - /newswire/ - London, United Kingdom, 2013/10/11 - Independent managing general agent (MGA) specialist Ambant Underwriting Services debuts with full regulatory approval. The new company targets MGAs with its expert support.

Ambant, the Lloyd’s, London and International insurance market services company, today announces the launch of Ambant Underwriting Services.

City of London headquartered Ambant Underwriting Services provides launch and host services to underwriting teams setting up MGAs, full back office support for trading MGAs and management services to firms in the delegated underwriting arena.

“It is significant that we have entered the market right now,” says Danny Maleary, CEO, Ambant Underwriting Services. “There’s a strong trend where we’re seeing more interest in the MGA route to market which we predict will grow stronger this year and throughout 2014. We’ve responded to this by setting up an operation focused on getting great results for MGAs. It’s our mission to put our expertise behind MGAs to help them reach their full potential no matter what stage they’re at in their lifecycle”.

“The new company specialises in getting new MGAs up and running fast in just a matter of weeks and helping established MGAs run their businesses more efficiently. And we are seeing considerable interest already from key MGA players and the entrepreneurs who invest in them,” Maleary continues.

“Our experienced team gives MGAs the security of strong compliance plus the level of resources and infrastructure - for example experienced staff and systems - as and only when they need them. Ambant Underwriting Services’ particular strengths are its ability to get results, its independence we only act in the interests of the MGA and the fact that it’s backed by Ambant’s solid market track record,” Maleary concludes.

Agency / Source: Archangel

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