MGA and broker services platform OneAdvent has launched Criterion Ltd, an MGA focused on waste management, recycling and mining business, both in the UK and in Australia and the Republic of Ireland. There are plans to extend this reach to include the USA and Canada.

Stuart Kinsella, underwriting director at Criterion, said: “The recycling market is critically underserved from an insurance perspective and has historic issues with poor risk management and large losses.

“Criterion has assembled a team of experts in this complex class of business to create a sustainable recycling product underpinned by the best technical underwriting standards and technology.”

Tim Quayle, CEO at OneAdvent added: “The current market presents a clear opportunity for a provider like Criterion to make its mark with a quality offering backed by experts. It’s an incredibly complex class of business that requires a fresh approach.”