LONDON, UK – 19 January 2022 – Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets, today announced that it has supported the launch of its latest MGA partnership, Samphire Risk, following approval to start trading.
Davies operate an independent incubator platform offering a “launch and host” service to entrepreneurs, private companies and corporates who are looking to establish an MGA. Having successfully supported the launch and hosting of over 40 MGAs so far, Davies has established itself as a go-to partner for entrepreneurs requiring regulatory and operational support.
Samphire Risk is an exciting new MGA venture for the CHC Group and led by industry-expert and CEO Charlie Hanbury, supported by Mark Skinner, Chief Underwriting Officer, and Hannah Catchpole, Assistant Underwriter. The independent MGA will focus exclusively on hostile and malicious risk insurance and is backed by a blend of Lloyd’s and company market paper, with their Lloyd’s binder led by Aspen.
Charlie Hanbury, Samphire Risk CEO commented: “The professionalism and expertise of the Davies team was exemplary in enabling us to launch the Samphire Risk underwriting platform with the necessary regulatory permissions and resources.”
He added: “We now look forward to building the business and delivering innovative products supported by leading technology for our brokers and clients. Coverages will include extortive crime, hostage-taking and kidnap, terrorism in all its guises, and travel to and within insecure countries and locations.”
Chris Butcher, CEO Insurance Services UK added: “We’re delighted to offer our congratulations to Charlie on the successful launch of Samphire Risk. We were pleased to support the launch through our Appointed Representative incubation platform and look forward to helping Samphire with their ongoing growth and success. They have a very experienced and respected team that will offer world-class innovative products.”
He added: “By providing core regulatory compliance oversight services through the utilisation of FCA regulatory permissions under an Appointed Representative Framework, we ensure our clients have the required level of resources and structured regulatory oversight controls and processes in place to guarantee that they operate to the highest regulatory standards. In the UK we operate through our subsidiary, Davies MGA Services Limited.”