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Category: News

Ryan Specialty Signs Definitive Agreement To Acquire Castel Underwriting Agencies

DECEMBER 21, 2023 | CHICAGO, IL – Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire Castel Underwriting Agencies Limited (“Castel”), a Managing General Underwriting (MGU) platform, from Arch Financial Holdings (UK) Limited and minority shareholders. Castel is headquartered in London, England […]

Castel Takes Home ‘MGA of the Year’ Award at BIA 2023

Castel are extremely proud to share that we have been named ‘MGA of the Year’ at Insurance Post’s British Insurance Awards 2023. The award is testament to the continued hard work and commitment of everyone at Castel in establishing the company as a leader across the MGA market, ensuring that we remain a natural home […]

Verve Risk Partners completes Management Buyout from Castel

Verve Risk Partners (Verve), a division of Castel Underwriting Agencies Limited (Castel), has announced a management buyout from the club-style MGA formation platform. Verve underwrites U.S. professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers. The underwriting cell is led by Scott Simmons and Alan Lambert […]

AM Best affirms ‘Excellent’ Performance Assessment for Castel

Affirmation of PA-2 Performance Assessment includes “excellent” scores on all five components Castel Underwriting Agencies Ltd (Castel), including Castel Underwriting Europe BV, has received an affirmed Performance Assessment of PA-2 (Excellent) with a stable outlook, by credit rating agency AM Best.  The assessment reflects Castel’s continued commitment to operational excellence in all areas, with a […]

Lunch and learn with Raoul Carlos, UK Chief Underwriting Officer

Today we meet Raoul Carlos, Castel’s UK Chief Underwriting Officer. After 3 years with Castel, how does the former Energy Underwriter assess his career in the insurance industry so far, what has he learnt and what challenges lie ahead? How did you first get into the insurance industry? After finishing university, my aim was for […]