Category: Press Release

McGill and Partners and American International Group, Inc. (NYSE: AIG) today announced a significant strategic collaboration for the subscription market that will provide clients with seamless access to exceptional insurance solutions, backed by long-term, high-quality insurance capacity and capital. As part of the initiative, AIG and McGill and Partners will leverage agentic AI capabilities to manage the deployment of capacity to clients. 

Through the collaboration, AIG performed a detailed analysis of McGill and Partners’ specialty portfolio, validating its strength and quality. Based on this analysis, the company created underwriting criteria to enable real-time underwriting through McGill and Partners’ digital broking platform. As a result of this approach, AIG expects to deploy meaningful capacity of 25% across up to $1.6 billion of McGill and Partners Gross Premiums Written specialty portfolio. 

The analysis of McGill and Partners’ portfolio by AIG was made possible by the digital-first approach the broker has adopted since their launch in 2019. Utilising its tech-enabled platform, McGill and Partners provided access to high-quality data and insights to enable AIG to underwrite the portfolio and to use an agentic AI approach to manage its performance in the future.  

AIG collaborated with Palantir to build an ontology of McGill and Partner extensive portfolio.  By leveraging McGill and Partners’ digital broking platform in addition to Palantir’s Foundry platform, AIG will develop comprehensive insights on business underwritten, including near real-time exposure, limit deployment, modelled risk outputs and loss information. This access to near real-time data analysis will allow AIG to manage the performance and deployment of AIG’s capacity to McGill and Partners’ clients on an ongoing basis. 

This strategic collaboration sets a new industry benchmark and significantly evolves the model for pre-secured capacity across a diverse specialty portfolio of risk. With industry leading capabilities from AIG, McGill and Partners’ brokers can focus on working with leading underwriters to develop the best possible solutions for clients. McGill and Partners’ clients will gain access to valuable long-term capacity from AIG and stability and security in an increasingly volatile risk landscape. 

Steve McGill, CEO, McGill and Partners, said: “This collaboration has the potential to disrupt the dynamics of the subscription market.  It strengthens the value proposition of leading underwriters in the market and redefines the way capacity is positioned in the best interests of our clients. This moves beyond incremental change and repositions the way the market operates in the future.”   

Peter Zaffino, Chairman & Chief Executive Officer, AIG, said: “The rapid evolution of AI and large language models is reshaping risk analytics, giving us the ability to continuously learn from McGill and Partners’ portfolio and deploy capacity with greater insight, discipline and speed. By using McGill and Partners’ robust data ingestion capabilities along with Palantir’s Foundry platform, we are able to evaluate their portfolio to align with our risk appetite, and over time, we see significant opportunity to deliver greater efficiency to the subscription market while giving clients easier access to high-quality insurance solutions.” 

We are pleased to share we have renewed our Ukraine War Risks Reinsurance Facility for another year, with the maximum line per risk increasing from $50m to $100m.

More than $100m of cover has already been placed for the benefit of businesses operating in Ukraine, allowing vital industries such as energy production, manufacturing, warehousing, food and battery energy storage, to access the cover they need. 

The facility is designed to support local Ukrainian cedants, including ARX, the insurer we first collaborated with, by providing the reinsurance capacity needed to protect commercial property in the region against war related risks faced by their clients.

The increase in capacity reflects a marked expansion in carrier participation, which has more than doubled and now stands at 14 insurers, including Aegis London, Atrium, AXIS, Liberty Specialty Markets, The Fidelis Partnership, and Westfield Specialty International.

Participating carriers have committed $250m in the aggregate for the next 12 months, reflecting the significant expansion in per risk and aggregate capacity available for Ukrainian clients.

The facility supports Ukrainian businesses during the current conflict and aids the economic recovery afterwards.  The renewal of the facility has been designed to accommodate future investments, which may require larger limits, that are anticipated during Ukraine’s reconstruction.

Chris Stevenson, Head of Property, Casualty, and Construction at McGill and Partners said: “This is the only facility in the market that offers these kinds of limits at this scale, and we’re committed to ensuring it continues to provide meaningful support to businesses operating in such difficult circumstances. We’re pleased to be able to increase the limits and provide access to critical cover to support Ukrainian businesses as they navigate the devastating effects of war and look to rebuild in the future.”

In partnership with AEGIS London, a top-quartile Lloyd’s syndicate, we’re pleased to announce a new strategic initiative to transform the way risk is placed, harnessing a digital-first approach. This innovative collaboration will align AEGIS London’s risk appetite across multiple business lines with McGill and Partners’ client portfolio. Using new technology, the platform will algorithmically identify eligible risks, provide quotes and bind cover following a lead’s terms, which will significantly streamline the placement process for clients.  

Underwriters will have increased transparency through a bespoke dashboard, which will provide data on risk selection and exposure management to help them manage the portfolio. This ensures underwriting standards are maintained, while making a historically complex process simpler.  Automating and combining the quote-and-bind workflow with AEGIS London’s pre-determined underwriting criteria will accelerate placements and improve overall efficiency.   

Clients will benefit by receiving faster access to high-quality follow capacity, delivered in line with the lead underwriter’s terms, conditions and pricing. Overall, this provides clients with greater certainty and confidence in the fulfilment of their placement needs.   

The initiative is powered by our proprietary Underscore broking platform, and has the potential to scale across additional partners, setting a new standard for digital transformation in the industry.  

Steve McGill, CEO at McGill and Partners, said: “We’re excited to launch this digital partnership with AEGIS London. It is built on our shared ambition to deliver smarter, digitally-enabled solutions for the benefit of our clients and drive real change in our industry. At its core, it will deliver what our clients value the most: speed, certainty, and high-quality capacity. By streamlining the placement process, we unlock our brokers’ ability to leverage the wider market more effectively, which will result in a superior client experience.”  

Alex Powell, Chief Executive Officer, AEGIS London, said: “This represents a transformative approach in how we use dedicated data analysis to inform and enhance underwriting decisions. By combining advanced analytics with innovative digital trading capabilities, we’re creating a platform that not only simplifies access but deepens collaboration with brokers for the benefit of our clients. 

“Underwriting excellence remains at the heart of AEGIS London, and this initiative builds on that through data-driven risk selection. The ability to automatically identify eligible risks and deliver quote-and-bind functionality based on predefined underwriting criteria demonstrates a significant step forward in delivering a truly digital and dynamic trading capability to the market.” 

We’re pleased to announce a capacity expansion for Auton, our award-winning, fully digital cross-class auto-follow facility. As it enters its second year, its maximum capacity will increase from 20% to 25%, which will be available for all eligible lines of business, further enhancing its proposition for clients. 

The facility continues to be backed by a panel of Lloyd’s insurers, benefiting from Lloyd’s strong financial market ratings and is led by Beazley’s Smart Tracker Syndicate.  Auton’s unique design allows underwriters to dynamically flex line sizes, enabling them to tailor their participation to their own underwriting appetite.     

This flexibility, combined with access to a broad and diverse portfolio of business spanning multiple classes and geographies, has positioned Auton as a leading facility in the Lloyd’s market.  Additionally, with an average indexation rate above 75%, the facility has out-performed industry expectations.    

Its digital capabilities and best-in-class dashboards also set it apart.  In recent research conducted with its underwriting panel, Auton’s reporting and live dashboards were ranked among the best in the market. The dashboards include comprehensive live data on index performance, premium, claims, aggregate accumulations, and modelled losses, giving underwriters valuable insights to manage and monitor their portfolios.  

The capacity increase, which will soon come into force, builds on a successful first year which also saw the launch of Auton Green, which provides up to 40% capacity for onshore renewable energy risks. As Auton enters its second year, the increased capacity will serve to optimise placement for clients and continue the firm’s focus on delivering efficient placement solutions across all client segments.   

Mark Gregson, Head of Digital Solutions, McGill and Partners said, “The success of Auton in its first year is a testament to our digital innovation and the strong collaborative partnerships we have with our carriers, which have been key to the facility’s ongoing improvement. The increase in capacity, is a direct response to the appetite of our carriers and clients who are looking for a more efficient, effective and streamlined placement process.”  

We’re pleased to announce a new collaboration with Artificial Labs (Artificial), where we will work together to create a single integrated digital platform – so brokers can manage the full placement lifecycle from submission to bind and streamline downstream processing. 

By digitising our broking workflow and leveraging key strategic partnerships with Salesforce and Google, this initiative will deliver a fully integrated, end-to-end solution.  This will provide our brokers with the digital tools they need, to maximise their focus on client relationships and market engagement and reduce the time spent on administration. 

We are the first broker to adopt Artificial’s Smart Placement platform end-to-end. This digital platform ensures that key data, marketing activity, and contract documents are managed in one secure environment, providing valuable client and broking insights, and also supports the next phase of our AI initiatives.  

The solution will be fully integrated into our digital ecosystem and will be rolled out globally in a phased approach starting with all UK and Europe specialty areas through the rest of 2025 and into 2026. 

Nick Williams-Walker, Chief Operating Officer of McGill and Partners, said: “This is a critical part of our ‘digital-first’ strategy and reinforces our commitment to building market-leading tools.  We are creating a best-in-class digital broking environment that empowers our colleagues to focus on what they do best – delivering great outcomes for our clients.”  

“Artificial works in tandem with the strategic partnerships we already have with Google and Salesforce to create a fully integrated end-to-end solution that is transforming the way speciality insurance is transacted.” 

David King, Co-Founder and Co-CEO of Artificial Labs, said: “We are proud to collaborate with a forward-thinking firm like McGill and Partners. Our solution will deliver a fully configurable, broker-first platform that removes operational friction and unlocks the full potential of digital placement. Smart Placement is the only tool of its kind in the market – purpose-built to meet the evolving needs of specialty brokers and designed to integrate seamlessly across the placement lifecycle.”  

“By combining advanced technology with deep market understanding, we’re helping McGill and Partners scale their strategy, streamline execution, and deliver exceptional outcomes for their clients. Together, we are creating a more efficient and connected ecosystem.” 

We are delighted to announce our partnership with GB Snowsport, the national governing body for elite British snowsports, as the team prepares for the upcoming Winter Olympic and Paralympic Games in Milan Cortina in February and March 2026. 

The announcement comes as GB Snowsport celebrates its most successful World Cup season to date, with record results across multiple disciplines. As the new competition season begins, we will support Britain’s top Snowsport athletes towards the Olympic and Paralympic stages. 

The partnership brings together two organisations that have been built on bold performance and see disruption as a force for progress. Our firm was founded on the principles of being different by design and has always celebrated a high-performance mindset. So, along with GB Snowsport, we are aligned in our belief that by championing difference and bringing together top talent as one team with a shared purpose, success will follow. 

As a specialist insurance and reinsurance broker, we are used to dealing with complexity and finding innovative solutions for clients’ most challenging and complex needs. We have always been highly focused – in the clients we serve, the partners we work with and the talent we hire to drive our business forward. The partnership with GB Snowsport is no different and reflects the same commitment.  

GB Snowsport manages and develops the programmes of world class British skiers and snowboarders across the 12 Olympic and Paralympic disciplines.  The organisation selects, manages and leads the British teams to international events, promotes participation in the International Ski and Snowboard Federation (FIS) and World Para Snowsport disciplines, and provides opportunities for athletes to achieve their full potential as individuals and as a team.  It also develops up-and-coming talent and nurtures those athletes who are already showing themselves to be able to perform on the world stage, a critical role in the ongoing success of British snowsports. 

The collaboration will be brought to life through a series of activations including The Edge Series, a new content platform exploring the parallels between sport and business such as risk, resilience, innovation and talent. 

Steve McGill CBE, Co-founder and CEO of McGill and Partners, said: “This partnership reflects everything we stand for. Bold thinking, exceptional performance and the courage to lead in complex environments. GB Snowsport is a natural fit for our brand and culture, and together we look forward to making a real impact in both sport and business.”  

“Whether it’s navigating complex risk or supporting elite and emerging athletes, the shared vision is to support resilience, foster innovation, and champion those who pursue excellence.” 

Vicky Gosling, CEO at GB Snowsport said: “We’re extremely excited to be going into the new season in partnership with McGill and Partners and really look forward to working with them over the coming year.” 

“This is a partnership where the shared values between our two organisations are really clear, and what we’re looking to achieve on the snow in the next twelve months fits brilliantly with the ethos and culture that McGill and Partners demonstrate in their business. At GB Snowsport, we believe firmly that we are stronger as one team, and we’re delighted that we get to welcome McGill and Partners into that team ahead of a year that has the potential to be one of the most exciting in British snowsport history.” 

We’re setting the stage for the next phase of our growth – with strong financial results for the six months ending 30 June 2025 and securing new credit facilities of $300m from lenders Morgan Stanley, Permira and Bridgepoint. This refinancing marks another significant milestone in our ongoing evolution, providing long-term lender support at conservative levels of leverage and enabling meaningful returns to eligible shareholders through a dividend recapitalisation.

The new credit facility, secured with sophisticated participants from the private credit markets, provides a long-term, more flexible financing structure that reflects our maturity and strategically positions our firm for the future. The new arrangement comprises a senior facility, an acquisition facility to support further investment in talent and technology (including AI), and a revolving credit facility. In combination with the existing funding capacity from Warburg Pincus, the new facility underscores our continued growth and supports our long-term financial objectives.

The strategic refinancing follows the announcement, at the end of last year, that our firm was one of the companies selected by Warburg Pincus for inclusion in its first ever multi-asset continuation fund. The fund is composed of a diversified portfolio of companies, all of which have demonstrated significant success and high growth potential.

This growth potential is demonstrated by the most recent half year results. We were delighted to report organic revenue growth of more than 20% in the first half of 2025 and a significant increase of 79% in adjusted EBITDA, against H1 of the prior year. These record results, taken alongside today’s announcement, demonstrate our firm is strategically positioned for future expansion, building on our strong organic performance to date.

Steve McGill, Chief Executive Officer, commented: “I am immensely proud of what we have achieved in just six years. The business continues to deliver significant growth and we have reached a level of maturity that means we have more flexible and attractive financing options available to us to support our future ambitions.”

“We stand apart from others in the sector as a global specialty firm built organically, with a client-centric, single P&L, a unique culture, a state-of-the-art and fully integrated platform, and market-leading revenue growth. It is these differentiators, coupled with the new financing arrangement, that will deliver exceptional client value and allow all our colleagues to reap the benefits of our collective endeavours as the business continues to thrive and deliver on its growth potential.”

James O’Gara, Managing Director at Warburg Pincus, commented: “Over the past six years, McGill and Partners has evolved from a start-up challenger to an established player, winning share by delivering for its global clients and talent base. Notably, Steve and the wider team have done it the hard way – purpose-building the business from scratch. The reward is a truly differentiated firm, with a singular culture, unique technology-led approach and an integrated platform poised to continue its impressive organic growth track record.”

“This refinancing is another positive milestone in that journey; both reflecting the great progress to date, as well as giving the business renewed firepower, in conjunction with our support, to pursue its unique talent acquisition strategy. We are tremendously proud of what the team has accomplished, and enthusiastic about their continued potential from here.”

Industry heavy weight, Mike Reynolds, joins our fast-growing (re)insurance broker, as Group CFO, subject to regulatory approval. He joins from Oneglobal where he has been Group CEO for the last five years and will take up his new role once he has fulfilled his contractual obligations to them.

Mike Reynolds has nearly 30 years of leadership experience in the insurance industry.  Prior to leading Oneglobal, he was CEO of JLT Re, Group Finance Director of JLT Group Plc and has also held CFO positions at ACE Europe and Aon Benfield.

Founded in 2019 with backing from Warburg Pincus, we are one of the world’s fastest growing firms not only in (re)insurance broking but in financial services more generally. In the last three years, our firm’s compound annual growth has exceeded 20%, all of which has been organic. We were also included in Warburg Pincus’ first-ever multi-asset continuation fund alongside a diversified portfolio of companies, all of which have demonstrated significant success and high growth potential.

Reynolds succeeds Dominic Mignon as Group CFO.

 Steve McGill, Group CEO, McGill and Partners, commented: “We have much to be proud of. We have built a global boutique specialty business at scale, entirely organically, in a relatively short period of time. As we look to the future, we are delighted to add Mike Reynolds to the team. Mike will bring a wealth of experience to the firm as we continue to build and grow the business.”

“We thank Dominic for his tireless work over the last three years and wish him all the best for the future as he transitions out of the firm next year.  During this time, he has made an enormous contribution towards putting the firm in its current strong financial position and helped to guide it through a period of impressive organic growth.”

 Mike Reynolds, added: “With a high-quality team, a unique culture and state-of-the-art technology platform, I’m thrilled to be part of the next chapter of this exciting firm.“

We’re pleased to announce the launch of a new, cybersecurity insurance solution for the Battery Energy Storage Systems (BESS) market. 

The energy sector’s critical role in global infrastructure makes it an increasing target for cyber threats. As reliance on interconnected systems grows, so do the risks, with threat actors often exploiting operational dependencies and vital infrastructure.  

In response, we have developed a tailored cybersecurity insurance solution to address the unique challenges of the battery energy storage sector. The cover is flexible, sector-specific, and offers robust protection to safeguard operations from the ever-evolving cyber risk landscape. This provides battery energy storage clients with protection that addresses the unique risks faced by their sector, unlike more generic, cybersecurity solutions.  

Our team has worked closely with our clients to identify potential loss scenarios and develop comprehensive, tailored coverage. Cover is provided by certain Lloyd’s underwriters. The solution includes bespoke terms and definitions aligned with the specific technologies used in the battery energy storage sector, as well as physical damage protection for projects and associated assets resulting from cyber attacks.  

The policy also extends to cover increased regulatory costs as a result of the compliance required to meet evolving cybersecurity and resiliency standards. Clients will benefit from physical damage protection and cover is provided for business interruptions, resulting from cyber incidents or technical failures along with access available to a dedicated emergency response team to help minimise operational disruptions following a breach.  

Tom Dryden, Partner – Cyber, McGill and Partners, added: “As the cyber threat landscape continues to evolve, we are seeing greater demand from clients for industry-specific coverage. Cyber incidents and technical issues at battery energy storage systems are becoming increasingly relevant as these systems become more integrated into global critical infrastructure and smart grids.” 

“At McGill and Partners, we work across different specialties, which enables us to develop tailored solutions that reflect the real-world exposures our clients face. We’re proud to develop a solution for a sector that plays a critical part in the energy transition, ensuring our clients are appropriately protected not just against financial losses from a cyber incident but are also equipped to respond decisively in moments of crisis.”