Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has opened its first branch office in Amsterdam, Netherlands to support plans to expand its operations in Europe as the UK leaves the EU.
Castel’s European office will offer a platform to develop and launch specialty underwriting cells, as well as support individual underwriters with books of niche business across Europe, the company said.
Castel Transact, a division of Castel Specialty, which provides tailored warranty and indemnity and tax risk insurances for European-based organizations, is the first cell to run from this branch office.
The company has registered the new entity with the Dutch Authority for the Financial Markets (AFM).
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