Trading Risk: Agile and OnRisk target ILS capacity for D&F deals

MGA start-up Agile Risk Partners has joined InsurTech company OnRisk to launch a platform which will tap ILS capacity for direct and facultative (D&F) property deals.

Lloyd’s veteran Richard Foster, previously head of global property at Brit, will lead underwriting at the venture, which anticipates binding 200 high-value deals in the next 12 months.

The companies have developed a computer-aided design tool to present reinsurance programme structures.

Frank SweeneyTrade Press