Brokers placing financial lines business now have a new capacity source to work with. Amiga Specialty has secured long-term underwriting capacity from Bridgehaven, initially covering selected financial lines classes, with further lines expected to follow.
The word "long-term" matters more to a broker than it might first appear. Short-term or one-off facilities can vanish at the next renewal cycle, leaving a broker to re-place a client's cover at short notice, whereas a durable capacity arrangement gives brokers a market they can return to across multiple renewal cycles rather than treating as a one-off placement option.
Adam Kembrooke, founder and group chief executive officer of Amiga Specialty, said the deal gives the firm "an excellent platform to continue growing our underwriting offering and, over time, to develop new products and capabilities together."
He added that the two firms share a "cultural ethos, ambitions and desire to build something for the long term, underpinned by strong relationships, trust and a real commitment to underwriting excellence."
This deal sits inside a wider shift that gives brokers more options over time, not fewer. The MGA Opinion Report 2025, produced by the MGAA with Clyde & Co, found that 57% of carriers expect to increase their capacity allocation to MGAs over the next two years, with 46% saying they had already done so in the past twelve months, and financial lines named by a fifth of carriers surveyed as a top area for new capacity.
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Since launching in 2025, Amiga has built out that capacity base quickly, adding arrangements with Accelerant and AXA XL, and a further facility backed jointly by IGI and Lloyd's, ahead of the Bridgehaven deal.
Kembrooke described the earlier Accelerant arrangement as giving Amiga "an aligned philosophy" to trade confidently across global markets, a claim now backed by a broader spread of capacity than most MGAs assemble in their first year.
Paul Dilley, chief underwriting officer at Bridgehaven, said the decision to back Amiga followed an assessment of "the MGA's leadership team, underwriting capability, governance framework and strategic growth plans."
For a broker recommending a new market to a client, that governance question is not just Bridgehaven's to ask.
Bridgehaven was named MGA Insurer of the Year at July's MGAA Awards, a result that landed as the Financial Conduct Authority was expanding its review of MGA and coverholder governance and remuneration structures, with claims handling and outcomes under the Consumer Duty at the centre and findings due in early 2027.
Since brokers are often the first point of contact when a client's claim experience goes wrong, a capacity provider's claims-handling and oversight credentials are as relevant to the broker relationship as the line size on offer.
Bridgehaven joined the Association of British Insurers last September, placing it alongside more than 300 member firms including Aviva, Lloyd's of London and AIG UK, a further marker of institutional standing beyond its own marketing.
Amiga's staying power also rests on who stands behind it financially. The firm is 49%-owned by B.P. Marsh & Partners, the AIM-listed investor that took its stake in 2025 alongside a loan facility, giving Amiga a funding base independent of any single capacity provider's account of the relationship.
Dilley said Amiga's team has "a strong track record of building high quality books of business from scratch," and that Bridgehaven wanted to support "the next phase of Amiga's growth." Whether that growth keeps adding lines at the pace seen so far will decide how much of a market this becomes for brokers beyond the initial financial lines classes.
