Capital Bay Underwriting
Capital Bay Underwriting is a Miami based Managing General Underwriter offering significant capacity and solid protection in the specialty insurance arena with an initial focus on Financial Lines for private and public corporations across Latin America and the Caribbean.
Capital Bay Underwriting is backed by (re)insurance companies specifically selected for their quality of service and strong credit rating.
Capital Bay Underwriting is located in the urban Miami neighborhood of Brickell. This neighborhood is often referred to as the “Manhattan of the South,” featuring one of the largest concentrations of international banks in the United States, and serves as a hub of activity for a multitude of corporations and businesses, particularly the (re)insurance industry for which Miami has become the gateway to Latin America and the Caribbean.
The MGU Advantage
Managing General Agencies (MGAs) and Managing General Underwriters (MGUs) are playing an increasing role in the placement of business from Latin America and the Caribbean. The MGA/MGU model is an attractive conduit, allowing (re)insurance companies to access expertise, distribution and new products. Further, the model allows agents and brokers to access local regional markets, allowing service, document issuance, premium collection, and claims payment with limited initial capital or resource deployment.
The MGA model is a tested, viable strategy for agents and brokers as well as capital alignment. Ryan Specialty Group has created a valued network of MGUs in niche areas of underwriting, aligning knowledge and expertise with quality capacity providers. With a strong presence through RSG Underwriting Manager’s existing network of MGUs, RSG and its subsidiaries provide carriers the opportunity for rapid diversification and scale, creating a model for sustainability over time.