MGA platform OneAdvent partners with fronting insurer Bridgehaven

The deal will allow the insurer to provide A-rated capacity to underwrite waste management and recycling risks. This collaboration marks the first such arrangement for OneAdvent's platform MGAs.

Founded in 2023, Bridgehaven is the first UK hybrid fronting insurer to bring capacity to the UK market for specialist MGAs. Fronting has been a successful feature of the US MGA market for many years and, over the last 18 months this model has made its mark on UK and EU MGA capacity decision-making.

The first of OneAdvent’s MGAs to benefit from a partnership with Bridgehaven is Criterion. Criterion Underwriting was established in Australia in 2019, servicing the Australian and New Zealand waste management and recycling markets. In March 2023 the Criterion team launched their UK MGA with OneAdvent to create an underwriting hub for the UK and European markets, led by Stuart Kinsella.

Tim Quayle, CEO at OneAdvent, said: “We are really excited by the opportunities the newly established UK hybrid fronting model presents to MGAs on our platform. This deal with Bridgehaven has brought new capacity to the waste management and recycling market to help Criterion differentiate itself. We hope this is the first of many fronted binders for our specialist MGAs.”

Paul Dilley, chief underwriting officer at Bridgehaven, added: “We see a huge opportunity with OneAdvent and are delighted to be supporting Criterion as they develop their specialist re-cycling insurance offering.  We are on a mission to reshape the future of insurance and relationships like these are integral to delivering that.”

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