Amiga Specialty partners with Axa XL to expand financial institutions offering

Amiga Specialty has secured a capacity partnership with Axa XL to expand its financial institutions offering, supporting growth across directors’ and officers’ liability, professional liability and crime lines globally.

The agreement will initially focus on financial institutions risks, backing Amiga Specialty’s international portfolio as it scales its presence across the UK, Europe, Asia Pacific and North America.

The partnership provides additional capacity across key markets, enabling the MGA to offer broader limits, maintain continuity for clients and strengthen long-term support for brokers and insureds. It also supports accelerated growth across its core financial institutions lines.

The announcement comes hot on the heels of Amiga’s acquisition by Sodalis Capital for £1.8 million on March 18.

Jamie Ricketts, managing director of financial institutions at Amiga Specialty, said: “Financial Institutions has been a core focus for Amiga from day one. This partnership strengthens our ability to support brokers and clients with a consistent, globally relevant proposition across D&O, professional liability, and crime, delivered with the underwriting focus and responsiveness that define Amiga.”

Axa XL’s international footprint and financial strength are expected to support Amiga Specialty’s strategy to scale its financial institutions proposition globally.

Adam Kembrooke, founder and chief executive officer of Amiga Specialty, said: “We are delighted to be partnering with Axa XL, a business with a truly global reputation and a long-standing commitment to specialty insurance. Their scale, financial strength, and underwriting heritage make them a natural partner for Amiga as we continue to build a best-in-class global specialty platform.”

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.