Beat Capital

Beat launches Dupre-led Fallow Grove for US E&S market

Ambac Financial-owned Beat Capital Partners has launched US-based managing general agent Fallow Grove Insurance Services with Brett Dupre as president and CEO.

Beat launches professional liability-focused proRISE led by former Hiscox exec Karpp

Ambac-owned MGA incubator Beat Capital Partners has unveiled proRISE Insurance Services, led by former Hiscox and AIG executive Doug Karpp.

Beat 4242 improves open year syndicate forecasts ahead of Ambac deal

Beat Syndicate 4242 has seen a 2.3 percentage point improvement in the midpoint of its forecast range for the 2022 year of account (YoA), which is now expected to deliver a profit between 4.5 percent and 14.5 percent of its £225mn capacity.

Ambac ownership to “turbocharge” Beat’s US platform

Ambac Financial Group’s move to take a controlling interest in Beat Capital Partners will “turbocharge” the MGA platform’s US business and provide a vehicle for the acquiring company to drive international expansion, leaders at the firms told Program Manager.

Ambac to acquire majority stake in London underwriting manager Beat Capital

New York-based insurance holding company Ambac Financial Group is set to acquire a 60 percent controlling stake in insurance-focused investor Beat Capital Partners in a ~$282mn deal that is expected to close in Q3 2024.

Beat announces plans to launch Pike-led credit insurance business Convergence

Insurance-focused investor Beat Capital Partners has announced plans to launch Convergence, a specialty and tech-enabled credit non-payment insurance underwriter.

Beat Capital’s Redriff adds QBE Re’s Parkinson to lead underwriting launch

Redriff Agency, the specialist accident and health (A&H) MGA launched by insurance-focused investor Beat Capital Partners, has appointed Simon Parkinson as head of underwriting.

Beat Capital launches A&H business led by former QBE Re CUO Wilkins

Insurance-focused investor Beat Capital Partners has launched RedRiff Agency Limited, a specialist accident and health MGA that will underwrite through a Lloyd’s consortium led by Beat Syndicate 4242.

Beat names Cunningham active underwriter for syndicates

Beat Capital Partners has appointed Andrew Cunningham as active underwriter for Syndicates 4242 and 1416.

Milligan happy to still dance to a cautious beat in 2024

Insurance-focused investor Beat Capital has completed the turnaround of its cornerstone Lloyd’s platform but co-founder Tom Milligan tells The Insurer the firm has no plans to change its cautious approach despite a return to profitability.

April Galda Joyce leaves Beat Capital Partners

April Galda Joyce has left her position as CEO of Beat Capital Partners Americas after just over two years in the role at the MGA and carrier platform, E&S Insurer can reveal.

Beat’s Brace Underwriting promotes Dorr to president

Beat Capital Partners-backed Brace Underwriting has appointed Glenn Dorr as president, with the executive taking on the role in addition to his current responsibilities as head of distribution in North America.

Syndicate 4242 finally closes 2017 YoA following Securis reinsurance deal

Beat Capital Syndicate 4242 has closed the 2017 year of account with a loss of 53.8 percent of capacity after reaching a settlement with ILS fund manager Securis last year over a controversial reinsurance dispute.

Beat launches specialist energy underwriting agency led by Charlton

Beat Capital Partners has launched specialist energy underwriter Horace Agency Limited, which will initially write non-US insurance business on behalf of Syndicates 4242 and 1416.