Broker and MGA Facilities

Economies of scale are key. An established and efficient infrastructure combined with long experience of managing multiple types of insurance businesses with different needs can make all the difference to the long-term viability of an MGA. Providing the right resources to an MGA specifically where it is needed can reduce cost without compromising on the quality of delivery or the experience offered — while all the time demonstrating good corporate governance and oversight to regulators.

Artex is well-positioned to assist prospective MGAs with setting up an operation either onshore or offshore depending on their needs. Our robust infrastructure and talent in Gibraltar, Guernsey and Malta as a mean that we have the knowledge and expertise to facilitate the smooth function of the operation, and the relationships in the region to help put clients in contact with the right people.

A reinsurer sponsored by the business producer.

At Artex, we help insurance producers create or access an existing (re)insurance company — whether a captive, cell or even their own cell company — to share profitable underwriting risk while also providing the ability to exercise some control over rating, policy coverage and claims. These innovative structures, often referred to as Producer-Owned (Re)insurance Companies (PORCs), appeal to those insurance producers looking to share in their underwriting risk and capture profits typically lost to the commercial market.

This framework can be a good fit for insurance producers with gross premium of approximately US$750,000 (or local currency equivalent). All classes of insurance business are suitable, particularly short-tail lines with low claims volatility. Insurance producers should have strong control over all front-end functions — such as marketing, policy issuance and premium collection — to leverage the benefits of these structures.

Working with Artex

Partnering with Artex offers insurance producers the advantage of working with a company experienced in establishing proven and innovative approaches that have benefited both our industry and the clients we serve. Access to Artex's in-house solutions as well as our client-sponsored solutions provides a timely and cost-effective facility, as the (re)insurance structure can typically be implemented with few or no changes to the existing insurance an (re)insurance management arrangements.

Our team will be there throughout the process — from the initial assessment and feasibility study to licensing and ongoing management.

You have business in the EU. Let's keep it that way.

Our award-winning team in Malta provide regulatory-compliant solutions that enable your non-EU-based insurance intermediary businesses to continue to place and service risks across the European Economic Area (EEA) post-Brexit.

Two options exist, based upon your portfolio size:

• Create your own fully-segregated protected cell in our EU Broker Protected Cell Company (PCC) facility
• Participate in an Artex-owned incubator solution (suitable for smaller portfolios and for intermediaries who don't want to establish their own cell)

Benefits include:

• Continue intermediating your EU business as usual
• Low cost
• Low maintenance
• Quick to implement
• Can work alongside existing broking or MGA operational models
• Artex provided infrastructure and management
• Allows a cell or cells to be established, owned, licensed and utilized by an intermediary
• Available to UK as well as other non-EU intermediaries