Pinion receives approval to acquire Catlin Specialty

Pinion US Holdings has received change-of-control approval from the Oklahoma Department of Insurance to complete its acquisition of Catlin Specialty Insurance Company, a US excess and surplus lines insurer.

The approval provides the regulated infrastructure for Pinion’s planned US underwriting operations, which will focus on providing capacity to specialty MGAs. The company did not announce that the acquisition had closed.

Pinion launched in February 2026 with a commitment of up to $180 million from asset manager Barings. Its operating model connects MGA partners directly to its proprietary technology platform, allowing underwriting, exposure and claims data to flow between participants and providing visibility into portfolio performance.

The company said it is conducting underwriting reviews and due diligence on a pipeline of specialist MGAs across multiple US specialty classes. Its US leadership includes CEO Gary Maier and Chief Underwriting Officer Kyle Selvig.