Verve Risk Partners, a division of Castel Underwriting Agencies Limited, has announced a management buyout from the MGA formation platform. The underwriting cell is led by Scott Simmons and Alan Lambert and has traded under the Castel platform since its formation in 2016.

Mark Birrell, CEO of Castel, said: “Castel is focused on developing and growing successful and profitable underwriting businesses. We have worked with and supported Scott and Alan with this aim over the last seven years and I wish them, and the wider Verve Risk Partners team, continued success in the next stage of their development.”

Simmons added: “The Castel platform has provided Alan and I with all the support needed to grow a successful MGA which we would like to thank them for. We look forward to trading independently in the future.”

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