MGAguard, a new technology-enabled platform funded by Cerberus Capital Management, L.P. and its affiliates and funds managed by TCW Asset Management Co., has launched with a focus on offering specialty insurance products.
MGAguard, through its RBTguard program, will initially target the hospitality industry, specifically restaurants, bars, and taverns. It will offer admitted insurance products, including property, business interruption, liquor liability, general liability, cyber liability, and employment practices liability. The RBTguard program is supported by an admitted A+ Rated A.M. Best insurer. Agents can become appointed through the MGAguard website.
MGAguard is a strategic initiative of Cerberus and TCW, which bought R.C.A. Insurance Group’s (RCA) assets through key acquisitions.
MGAguard is backed by a leadership team with more than 150 years of insurance industry expertise. The executive team is led by Lee Wilson, executive chairman; David Hampson, chief strategy officer; Kevin Littlejohn, chief operating officer; Gex Richardson, chief administrative officer; and Mike Rosa, managing director of Underwriting.
As chief strategy officer, Hampson is responsible for setting the vision, direction, and go-to-market plan for MGAguard. Prior to joining the company, he built a $400 million managing general agent business. He joins the team with 40 years of overall risk management and insurance experience, and nearly 30 years focused on specialty insurance program underwriting.
Rosa will lead the RBTguard program. He has 26 years of insurance experience focused in the hospitality industry and was previously a principal of R.C.A. Insurance Group (RCA), a second-generation family business founded in 1981.
MGAguard is headquartered in Fort Lauderdale, Fla., and offering products nationwide. Additionally, MGAguard offers loss prevention and curated claims services.
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