Acies MGU has launched Subscribe MGA, a Lloyd's-backed underwriting agency specialising in financial lines insurance, as part of its broader strategy to grow its presence in the UK and international markets.
Subscribe MGA will focus on professional indemnity, management liability, and Directors and Officers (D&O) coverage, targeting small and medium-sized enterprises (SMEs), as well as mid-corporate clients.
The new business is led by Rob McKay, director of underwriting, who brings extensive experience in the financial lines sector, including his previous role as head of professional indemnity, London Market at Manchester Underwriting Management. He is supported by a team of London market specialists with backgrounds across Lloyd's syndicates and MGA platforms.
McKay (pictured) said the new agency aims to combine underwriting expertise with a data-driven approach to create more adaptable and efficient solutions for brokers and clients. As a newly formed MGA, Subscribe benefits from not being constrained by legacy systems, allowing it to adopt modern technologies that enhance underwriting accuracy and responsiveness, he added.
He also suggested that this flexibility gives Subscribe an advantage over larger, slower-moving competitors that may struggle to adapt to shifting market expectations.
Subscribe MGA joins Acies’s growing group of underwriting businesses, which already includes Phoenix Specialty. The launch strengthens Acies’s position in the financial lines space while expanding its underwriting reach beyond the SME market.
Acies CEO Mark Heath said the new MGA aligns with the company’s growth strategy, which includes expanding its regional footprint and developing new specialty offerings. Subscribe will underwrite both London market slip business and select international risks.
Heath added that Subscribe complements Acies’s recent expansion into the Southwest and Midlands and reinforces the group’s long-term plan to build a diversified portfolio of specialist MGAs supported by advanced technology and operational efficiency.
According to the company, additional specialty areas under the Acies banner are expected to be announced in the coming months as the firm continues to broaden its underwriting capabilities within the Lloyd’s market.
