SafePoint invests in Arrow Risk Management

SafePoint Holdings has acquired a minority stake in UK specialty MGA Arrow Risk Management, marking the US insurer’s first international partnership.

Financial terms were not disclosed. Arrow will continue to be led by founders Jon Godfray, Mark Harrington and Lloyd Howson, while SafePoint international underwriting chief Chris Sharp will join its board.

The companies plan to support Arrow’s existing underwriting practices, recruit additional specialist teams and develop relationships with new insurance and reinsurance capacity providers. They will also explore collaboration across technology, data and analytics, exposure management and international expansion.

Arrow provides underwriting and operational infrastructure to teams operating across financial lines, aviation, renewable energy, technology, professional indemnity, property and marine.

Florida-based SafePoint manages Manatee Insurance Exchange and Cajun Underwriters Reciprocal Exchange and owns SafePoint Insurance Company.