Acies MGU has launched Subscribe MGA, which is a Lloyd’s backed managing general agent with a focus on financial lines including professional indemnity, management liability, and directors and officers coverage. Subscribe will target SME and mid-corporate clients in both the UK and international markets.

Rob McKay (pictured), director of underwriting, will lead Subscribe and has previously served as head of professional indemnity, London Market at Manchester Underwriting Management Ltd.

He said: “As a new MGA, we don’t have legacy systems that tie us to a specific way of doing things, and we use this to our full advantage, combining a highly technical underwriting approach with the power of technology.”

Mark Heath, CEO of Acies MGU, added: “Launching Subscribe MGA enables us to offer key financial lines protection for our SME customers as well as entering into the larger mid-market segment.”

Heath said the launch would help the business expand its regional footprint into the Southwest and Midlands and that additional specialised product would be announced in the short-term.