Castel opens Dutch branch office to support European MGA growth opportunities

29 May 2018

29 May 2018 – Castel Underwriting Agencies Limited (Castel), the club-style MGA formation platform, has opened its first branch office in Amsterdam to support plans to expand its operations in Europe.

Registered with the Dutch Authority for the Financial Markets (AFM), Castel’s European office provides a platform to develop and launch specialty underwriting cells, as well as supporting individual underwriters with books of niche business, across Europe.

Castel Transact, a division of Castel Specialty, which provides tailored warranty and indemnity and tax risk insurances for European-based organisations, is the first cell to operate from this branch office.

Mark Birrell, CEO of Castel, said: “Opening our Amsterdam branch office is an important milestone in our growth strategy. Building on the success of our MGA formation platform in the UK, we are looking to support niche underwriters operating in Europe to establish their own businesses. This also enables Castel to focus on the identification and development of European opportunities post Brexit.”

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