Pro Global Holdings Limited will incubate environmentally focused MGA, Tierra Underwriting Limited via its subsidiary Pro MGA Solutions. Tierra underwrites on behalf of two Lloyd’s syndicates, Argo Syndicate 1200 and Ascot Syndicate 1414.

Danny Maleary, CEO of Pro MGA Solutions, said: “We are delighted to have entered into this agreement with Tierra who are developing a strong reputation in the credit insurance and renewable energy banking markets.”

Andrew Beechey, managing director at Tierra, said the partnership would enable the MGA to take the next step in its growth plans.

He added: “Tierra is a company of dedicated individuals who are passionate about environmental issues and we are fully committed to supporting transactions that benefit the planet. We set up Tierra in response to a need for credit insurance capacity dedicated to supporting green project finance transactions.”

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