Today, we announced our expansion into the United Kingdom by launching a new, London-based Managing General Agent (MGA), poised to service the international insurance market outside the U.S. This expansion underscores Arbol's commitment to serve stakeholders impacted by climate risk globally. The new London-based MGA will leverage Arbol’s UK partnerships with capacity providers and brokers to fortify its global network. Through this expansion, Arbol aims to redefine standards of resilience and sustainability worldwide.
“Our expansion into the UK is a pivotal moment for Arbol. We aim to provide businesses with straightforward and practical tools to manage climate risks. Our London-based MGA combines the proprietary technology, data, and underwriting tools of the Arbol ecosystem with our team’s global expertise in structuring climate solutions, offering businesses a reliable shield against seasonal and catastrophic climate risks. As climate change impacts more businesses and communities globally, we remain steadfast in our mission to help global stakeholders build operational resilience against these risks,” said Sid Jha, CEO and Founder of Arbol.
“Arbol specializes in parametric financial products, offering businesses a streamlined approach to managing climate risks. Clients benefit from rapid claims payments once pre-set triggers are met. This ensures rapid economic recovery, simplified claims processing, and consistent cash flow for businesses,” said Hector Ibarra, Managing Director of Arbol Insurance Services – UK.
Arbol's UK MGA operates under FCA regulations and offers a range of products for the agriculture, renewable energy, and construction industries. These products address risks such as rainfall variations and extreme temperatures. The company also offers solutions for catastrophic events such as hurricanes, hail, and floods.
Arbol Insurance Services – UK offers global parametric weather products, supported by an A.M. Best “A” rated Lloyd’s syndicate, ensuring businesses benefit from premier coverage. Actively collaborating with the insurance broking community, Arbol leverages its ties with the Lloyd's of London marketplace to partner with significant capacity providers and global reinsurers, enhancing its global presence and catering to underserved SMEs.
Arbol's commitment to driving innovation and resilience is further underscored by its recent milestones. The company announced a substantial increase in gross written premium (GWP) for the first half of 2023, surpassing its performance in the previous year. Arbol has transacted $1 billion+ in notional risk since its inception in early 2020, a testament to the trust businesses place in Arbol for their climate risk-coverage needs.
Arbol UK is open for business, additional details can be found here: https://insurance.arbol.uk/