Topsail Re proclaims JV with Bishop Road for MGA help

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

This partnership sees Topsail Re present advantages to managing common brokers (MGAs) and program directors throughout the community. It’s going to provide most popular capability and entry to Topsail Re’s underwriting and administrative proficiency.

Moreover, this initiative is designed to spice up the event of latest major, fronting, and reinsurance service relationships, facilitating the enlargement of present 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 monitor file in progress 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 help the expansion of platform companions and the importance of most popular capability for MGAs.

“Topsail Re is the best first accomplice for Bishop Road as we proceed working with MGAs within the specialty P&C industrial area and is a transparent differentiator within the market,” Levine mentioned.

In the meantime, Weber brings expertise as a former managing director at Man Carpenter’s North America treaty follow, 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 group acknowledged the potential of what we’re constructing, and we’re excited to work collectively to capitalize on this specialised phase,” Weber mentioned.

Topsail Re CEO David Johnson and managing director Tom Gubash additionally expressed the corporate’s dedication to supporting Bishop Road’s numerous vary of companions with needed 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 components: our present companions constantly requesting strategic progress capital along with our risk-capital (reinsurance) capability options, in addition to our want to repeatedly evolve alongside our purchasers by increasing the breadth of our capabilities and partner-first options,” they mentioned.

Following the three way partnership’s institution, Johnson and just lately appointed Topsail Re chief technique officer & government vp Christopher Miller will be part of the Bishop Road board of administrators, with Gubash serving as a board observer.

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