Bridgehaven Identified 12 European MGA Targets
The carrier has initiated a plan to expand its European platform by partnering with nearly three dozen specialized insurance managers.
Updated on Sept. 29, 2026 in Business Strategy
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Bridgehaven has identified 12 managing general agent (MGA) candidates to bolster its new European Union platform. This expansion follows the firm's acquisition of Dublin-based SureStone Insurance and builds on the operational model tested by its UK division.
Why it matters
The firm is scaling its capacity to underwrite specialty insurance risks across Europe by outsourcing distribution to specialized MGAs. By retaining up to 20 percent of the risk, Bridgehaven aims to leverage external expertise while maintaining disciplined exposure to regional market cycles.
Bridgehaven is targeting approximately 30 MGAs for its European platform with a goal of 750 million pounds in gross written premium over five years. The firm, which maintains a maximum risk retention of 20 percent, previously assessed 200 opportunities through its UK operations.
The players
Bridgehaven
An insurance carrier that operates by retaining a minority portion of underwriting risk while partnering with MGAs for distribution.
SureStone Insurance
A Dublin-based insurer acquired by Bridgehaven to provide a regulatory foothold for its expansion into the European Union.
Fiona Marry
The European CEO appointed in April 2026 to lead the firm's regional platform build-out.
Arrow Risk Management
A Germany-based managing general agent that has entered into a partnership with Bridgehaven.
The details
Bridgehaven selects partners by evaluating their scale and business plans, with candidates engaging the firm directly or via reinsurance brokers. The strategy leverages the infrastructure established via the acquisition of SureStone Insurance and the partnership with Germany-based Arrow Risk Management. The firm seeks a targeted premium reach of 20 million to 25 million pounds per MGA to drive its regional growth objectives.
Timeline
Bridgehaven established its UK operation in 2023.
Fiona Marry was appointed European CEO in April 2026.
The news regarding 12 MGA targets was published on September 29, 2026.
Market Landscape
The firm's European expansion follows the operational blueprint established by its 2023 UK platform. This shift marks a transition from a centralized UK-based underwriting model to a broader multi-jurisdictional strategy within the European Union.
Operators in the insurance distribution sector should monitor how the carrier balances its 20 percent risk retention against the performance of its 30 targeted MGA partners. The firm's focus on scaling premium volume via third-party managers highlights a shift toward capital-light, partnership-heavy growth models in the European insurance market.
The takeaway
Bridgehaven is betting that regional partnerships with specialized MGAs can replicate the deal flow seen in its UK platform. Owners looking to engage with institutional carriers should prepare business plans that detail specific premium targets, as the firm aims for a 20 million to 25 million pound reach per partner.
Further reading
For more on how insurance carriers scale through third-party distribution, visit our Business Strategy archive.
Source note: This article includes information reported by Theinsurer.
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