Barbican Insurance Group has launched Barbican Specialty US, a new managing general agency (MGA) providing wholesale excess and surplus (E&S) property insurance for small-to-medium-sized commercial operations along the southeastern coast of the United States.
Based in Atlanta and Kansas City, Barbican Specialty US operates exclusively through wholesale brokers and focuses primarily on providing multi-peril insurance products for risks such as wind/hail, and all other perils (AOP) including flood and earthquake.
The company’s target territory will extend from Virginia to Texas, providing cover for commercial operations ranging from retail outlets and condominiums, to nursing homes and hotels.
Barbican Specialty US is being led by Colin Mayo, who has 30 years of industry experience, and was previously executive vice president and chief underwriting officer at Ariel Specialty. He also held senior underwriting positions at Rockhill Insurance Co., where he was chief property officer; ERC/GE Insurance Solutions, where he was head of global catastrophe underwriting; and English & American Group, where he was underwriting manager.
Mayo will be supported by Bob Losasso as head of property and insurance operations and Kim Thomas as chief risk officer. Losasso has 25 years of experience in the insurance and reinsurance industry, and was previously senior vice president of property E&S at Ariel Specialty. Thomas has nearly 15 years of experience in the E&S industry and was previously vice president of risk management at Ariel Specialty.
“We believe that the property E&S sector in the U.S. offers significant growth potential,” said Mayo. “We have an extremely experienced underwriting team who are well placed to capitalize on this. We will look to build on our strong broker relationships, based on our thorough understanding of client needs and ability to offer a swift and responsive claims service.”