Arcadian Receives Regulatory Approval
Arcadian Risk Capital Ltd., a Bermuda-based Managing General Agent [MGA] and part of the “Class of 2020”, announced that it has received regulatory approvals for new London and Dublin companies.
A spokesperson said, “Arcadian UK standalone authorisation was approved by the FCA [Financial Conduct Authority] with on 12 August 2022 and Arcadian Ireland authorisation was granted by the CBI [Central Bank of Ireland] on 9 August 2022.
“This announcement marks the next step in the evolution of Arcadian which received approval from the Bermuda Monetary Authority in October 2020 and opened its office on the island on January 1, 2021. Led by John Boylan, a well-known industry executive with a 30-year track record in the global insurance market, the firm reported a gross written premium [GWP] of $225 million for 2021 following a year of rapid growth.”
Mr. Boylan, Chief Executive Officer of Arcadian said: “We are pleased to announce the regulatory approvals for our London and Dublin companies. It marks the next stage in our strategic journey and strengthens our value proposition as a global company offering superior service in the selection and structuring of risk management insurance products.”
