Medical & Commercial International completes management buyout from Castel

Launched in 2015, Medical & Commercial International has finalised its buyout from Castel Underwriting Agencies.

MCI built its business on Castel’s MGA formation platform to the point it now has a gross written premium of around £40m across its main classes. These are life sciences (including clinical trials), health sciences (including medical malpractice) and international general liability.

Philip Trafford, chief executive of MCI, commented: “Castel’s support incubating MCI in these formative years has been an important factor in preparing the business for this moment. We are very much looking forward to the next exciting phase of MCI’s journey”

Mark Birrell, chief executive of Castel said: “The growth MCI has achieved since launching on our platform is testament to their market knowledge and robust plan. We wish MCI every success on this next phase of their development.”

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