Pro Global signals expansion after fourth consecutive growth year

Pro Global signals expansion after fourth consecutive growth year

Pro Global signals expansion after fourth consecutive growth year

Insurance News

By Jonalyn Cueto

Pro Global has reported strong double-digit revenue growth for 2025, extending its expansion streak to a fourth consecutive year and continuing to outperform broader insurance market growth.

The London-based firm said it delivered positive revenue growth across all major regions, including the UK, Europe, North America and Latin America, building on momentum established in 2023 and 2024. Pro Global has now grown approximately 40% since 2023, underscoring a sustained acceleration rather than a one-off post-pandemic rebound.

Headcount has also increased materially, with the organisation now employing more than 900 professionals worldwide following the launch of Pro Legal Solutions in November 2025. The business also reported early traction for Orb Specialty, its capacity deployment platform, reflecting growing demand for specialist underwriting, claims and operational support across the MGA and specialty insurance ecosystem.

Chief executive Steve Lewis said the performance positions the firm for what he described as a pivotal period for the industry. “2026 will be a defining year for re/insurance businesses globally,” Lewis said. “Operational expectations are rising, all against a backdrop of more challenging trading conditions and accelerating technological change.”

Outpacing the broader MGA market

Industry data indicates that MGAs and specialist service platforms continued to grow faster than the wider insurance market in 2025, but growth has become increasingly uneven. While top-tier MGAs with scale, technology investment and multinational capability have sustained double-digit expansion, smaller or less differentiated players have faced pressure from capacity discipline, higher operating costs and more selective carrier partnerships.

Against that backdrop, Pro Global’s multi-year growth compares favourably with peers that have seen more volatile performance as underwriting margins normalised and insurers tightened delegated authority oversight. Carriers have increasingly concentrated capacity with MGA partners that can demonstrate robust governance, data transparency and operational resilience - areas where Pro Global has invested heavily in recent years.

The firm said its expansion has been supported by continued talent migration from carriers and brokers into specialist platforms, alongside increased insurer demand for outsourced underwriting, claims and compliance services to manage complexity and cost.

Looking ahead, Pro Global said it is actively exploring funding options with its shareholders to support further growth, reflecting continued confidence in demand for specialist services even as market conditions become more challenging.

For 2026, the company plans to expand its offshore offering to deliver technology-enabled, onshore-to-offshore servicing for London and specialist insurance markets. It will also grow third-party management services for UK legacy and complex commercial claims in Germany and Latin America, and support broker growth through multi-territory incubation and run-off solutions.

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