UK-based specialist managing general agency (MGA) Occam Underwriting has acquired MGA Beech Underwriting Agencies for an undisclosed sum.

The acquired firm specialises in the placement of terrorism insurance and underwrites on behalf of Lloyds of London syndicates.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Occam CEO Mark Fisher said: “Beech has built a very successful MGA with agents throughout the UK and I look forward to developing and supporting the business moving forward.

“By partnering with Beech’s well-established panel of underwriting partners we will continue to provide all our agents with the right product for the right client”.

The acquisition is part of Occam Underwriting’s strategy to expand into new lines of business, with the support of Hudson Structured Capital Management (HSCM).

It specialises in space & energy risks as well as trade credit, political risk and surety reinsurance.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Beech Underwriting Agencies managing director Geoff Stilwell said: “This will enable Beech to continue to grow and firmly establish itself as the market leader in terrorism insurance.

“Joining the Occam group will enable Beech to continue to provide the products and service all our agents have enjoyed since we started way back in 2001.”

In August this year, HSCM acquired a majority stake in Occam Underwriting.

HSCM Bermuda managing Partner Michael Millette said: “We are delighted to see Occam expanding its reach in Lloyd’s market with the acquisition of Beech.

“We have been supporters of the team at Occam for more than 4 years now and are thrilled with their successful efforts to expand.”