Managing general agent Amulet Specialty, which is backed by capital partner Mission, has launched with a portfolio of products offering property, casualty, liability and business interruption covers in the UK. The 5-year rolling capacity agreement with Mission provides access to capacity rated A-.

Co-founders Paul Bennett and Jonathan Dermondy will lead Amulet in the respective roles of chief executive officer and chief underwriting officer.

Bennett said: “The business is built around a core team of experts, who are supported by smart technology to be responsive, reliable partners to our brokers and their customers. We understand that insurance is a people business, which is why long-term partnerships remain at the heart of our approach.”

Ross Dingwall, CEO of Mission, said: “We empower talented underwriters to create MGAs that are agile, quick to respond to customer needs and built on standout, sector-specific experience.

“Jonathan and Paul have a proven working partnership founded on complementary strengths, shared market understanding and a clear focus on building specialist underwriting books and I am delighted to welcome them to the Mission team.”