else Group bolsters its MGA Buy-and-Build global strategy with launch of Peloton Underwriting
The newly formed MGA platform Peloton Underwriting combines else Group Buy-and-Build global MGA with Mercutio Risk Partners Ltd. (formerly Montague Risk Partners Ltd.) business, all running on one single insurtech platform: ATOM. Don Harrell becomes Managing Director of Peloton Underwriting
London, United Kingdom, 6 June 2023: Else Holding, the holding company that owns elseco (high technology specialty MGA), Peloton Underwriting (Buy-and-Build global MGA), and ATOM technology platform, announces today that Mercutio Risk Partners Ltd., formerly known as Montague Risk Partners Ltd (“MRP”), business will fold into else Group with immediate effect.
else Group’s global reach is enabled by its local presence in the United Kingdom, Switzerland, France, Sweden, United Arab Emirates, and United States. The group operates through three business pillars:
elseco: Dubai-headquartered MGA, elseco, is the underwriting specialist for high-technology risks. The company harnesses continual product innovation, data-centric insights and a curiosity-led approach to create relevant insurance solutions across the globe. elseco runs on ATOM insurance operating system.
Peloton Underwriting: London-headquartered buy-and-build MGA platform operating on ATOM insurance operating system with a local presence in France, UK, US and Sweden.
ATOM Insurance Operating System: a technology platform enabling MGAs to run efficiently and develop tools and models to quantify, forecast and underwrite complex, rapidly evolving risks, while constantly researching for improvements.
The transaction will see MRP founder and CEO Donald Harrell join the else Group executive team reporting to CEO & Founder Laurent Lemaire. Donald Harrell will be Managing Director of else’s Buy-and-Build global MGA, Peloton Underwriting.
Donald Harrell said:
“I’m delighted to combine MRP with the else Group business suite, a renowned forward-thinking, technology-led platform. Joining Laurent and the passionate team of experts at else Group is a natural fit to continue our mission to deploy cutting-edge technology, relevant data sources and analytics to transform specialty underwriting and reduce operational expenses through a highly efficient insurance platform. I look forward to the next phase of our growth.”
else Group CEO & Founder, Laurent Lemaire, commented:
“We are excited to welcome Don together with the MRP business. Our technology, growth ambitions and Don’s clear vision to expand the frontier of specialty underwriting are an ideal match. Don is an outstanding leader who I am looking forward to working with as we continue our international expansion.”
About the else Group
The else Group comprises three pillars: ATOM, elseco and the newly formed Peloton Underwriting Buy-and-Build MGA platform.
ATOM is an Insurtech platform, providing “the most advanced underwriting system” to its clients. elseco is a global high technology specialty MGA, established in 2006 and supported by more than 50 insurance and reinsurance companies including Lloyd’s syndicates currently trading on the platform.Peloton Underwriting, its global Buy-and-Build MGA platform, using the infrastructure and methods developed by the else Group to accelerate its growth.
else Group’s global reach is enabled by its local presence in London, Zurich, Paris, Dubai, Washington DC, and Tyresö.
PR Contacts
Romain Loubeyre
else Group
romain.loubeyre@elseholdco.com
+971 566 556 723
Helen Wright
Lysander PR
helen@lysanderpr.com
+44 7842 729 579
elseco Press Office
pressoffice@else.co