Specialist MGA services platform OneAdvent has secured a new Lloyd's capacity agreement for its Financial Lines MGA, led by Roberto Murru (pictured above).
The new facility, provided by Casper Specialty UK, will enable OneAdvent to extend its reach into the EU and emerging markets. Casper Specialty UK is a Lloyd's coverholder and specialist financial lines managing general underwriter.
Launched six years ago under Murru's leadership, OneAdvent's Financial Lines MGA has maintained steady growth despite the competitive and often volatile conditions affecting the professional and financial lines sector. The additional capacity from Casper complements the MGA's existing arrangements and supports the next stage of its development.
Murru described the new agreement as a major opportunity for the business, saying it strengthens OneAdvent’s ability to compete globally under the Lloyd’s framework. He noted that the team’s experience in specialist territories positions it to deliver consistent results for capacity partners.
Chief executive Tim Quayle said the additional Lloyd’s capacity is key to broadening OneAdvent’s footprint and enhancing its overall market proposition. He added that Murru and his team are well placed to capitalise on the partnership to drive further growth.
An evolving market
The announcement comes as the global financial lines insurance market continues to evolve. According to industry data, the segment is projected to reach around US$99.2 billion in 2025, growing at an estimated 7.5% annually through 2032. Rising regulatory scrutiny, cyber risk exposure and complex litigation trends are reshaping underwriting approaches, pushing insurers and MGAs to refine pricing models and expand their risk management expertise.
In Europe, the market remains mixed, with stable demand offset by persistent macroeconomic headwinds and increasing regulatory expectations, including new sustainability and capital reporting standards. Meanwhile, emerging markets, particularly in Asia, Latin America and parts of Eastern Europe, are seeing growing appetite for tailored financial protection as businesses confront new operational and governance risks.
At the same time, competition is tightening across the financial lines segment. Market data from Marsh showed a 7% decline in global financial and professional lines rates in Q3 2024, highlighting the pressure on margins. Despite this, capacity providers remain drawn to experienced MGAs capable of disciplined underwriting and data-driven performance.
For OneAdvent, the Casper agreement strengthens its position within this shifting landscape. The Lloyd’s-backed capacity allows the MGA to pursue measured international growth while maintaining underwriting rigour and specialist focus.
