What's Happening?
Amiga Specialty has announced the appointment of Richard Mills as the managing director of transactional risks for the UK and Europe. Mills, who is based in London, will be responsible for establishing and overseeing Amiga's transactional risks business line. His role includes strategic positioning and distribution, as well as collaborating with insurance carrier partners to deliver a 'best-in-class' proposition. Mills will report directly to Adam Kembrooke, the group managing director. Mills brings extensive experience from his previous role as transactional risks director at Nexus Underwriting, and his career in insurance began at Capital Risks in 2018. Prior to his insurance career, Mills held legal positions at firms such as Proskauer Rose and Linklaters. Amiga Specialty, founded in June 2025 and backed by BP Marsh, focuses on underwriting specialty lines for blue-chip clients.
Why It's Important?
The appointment of Richard Mills is a strategic move by Amiga Specialty to strengthen its position in the transactional risks sector. Mills' expertise and leadership are expected to enhance the company's ability to deliver value to its partners and clients. This development is significant for the insurance industry as it highlights the growing importance of transactional risks management, particularly for blue-chip clients. Mills' track record in building successful teams and business books suggests that Amiga Specialty is poised to expand its market presence and offer competitive services. The move also reflects the broader trend of MGAs (Managing General Agents) seeking to differentiate themselves through specialized offerings and expert leadership.
What's Next?
Richard Mills is set to begin building the transactional risks team at Amiga Specialty, focusing on recruiting talented professionals to realize the untapped potential within the sector. The company aims to leverage Mills' experience to establish a collaborative, service-led environment that can effectively address the needs of its clients. As Amiga Specialty continues to develop its transactional risks proposition, it may attract more partnerships and clients seeking specialized insurance solutions. The success of this initiative could lead to further expansion and innovation within the company, potentially influencing the competitive landscape of the insurance industry.
Beyond the Headlines
The appointment of Mills may have broader implications for the insurance industry, particularly in terms of how MGAs approach transactional risks. As companies like Amiga Specialty invest in specialized leadership and services, there could be a shift towards more tailored and client-focused insurance solutions. This trend might encourage other MGAs to reevaluate their strategies and consider similar appointments to enhance their offerings. Additionally, Mills' legal background could bring a unique perspective to the transactional risks sector, potentially influencing how legal considerations are integrated into insurance practices.
