SafePoint takes minority stake in UK MGA Arrow in first overseas move
What's the deal? Florida-based SafePointDealroom has a profile for this one. Try Dealroom → Holdings has taken a minority stake in Arrow Risk ManagementDealroom has a profile for this one. Try Dealroom →, a UK specialty managing general agent, marking its first international partnership. Financial terms were not disclosed. Chris Sharp, SafePointDealroom has a profile for this one. Try Dealroom →'s chief underwriting officer for international business, joins Arrow's board.
What each side brings: Arrow runs specialist underwriting practices across financial lines, aviation, renewable energy, technology, professional indemnity, property, and marine, providing infrastructure to specialist teams. SafePoint underwrites specialty homeowners and commercial cover, managing two reciprocal exchanges alongside its own carrier. Arrow's founding team of Jon Godfray, Mark Harrington, and Lloyd Howson stays in place, with no changes to leadership or operations.
Why now? SafePoint filed for an IPO in May 2026 targeting a valuation of up to $1.16 billion, then withdrew the offering in June. It has kept moving through private deals, describing its international strategy as "selected investments, partnerships and capital deployment opportunities across the specialty insurance market."
What's the endgame? The partnership will initially support Arrow's existing practices, identify new specialist teams, and build relationships with more insurance and reinsurance capacity providers. Sharp said the priority was working with the team to accelerate Arrow's strategy, and invited experienced underwriting teams to make contact.
Godfray said SafePoint was the type of strategic partner Arrow wanted. "The investment provides additional financial strength, but just as importantly gives us access to complementary underwriting expertise, market relationships and resources," he said.
The signal: SafePoint built its book on Gulf Coast property catastrophe risk, growing gross written premiums from $188 million in 2021 to $927.2 million in 2025 by absorbing policies from retreating carriers and Florida depopulation programmes. A stake in a UK MGA spanning aviation, renewable energy, technology, and marine gives it exposure to underwriting cycles that do not track a Florida hurricane season. That non-correlation is the point.
Read more: insurancebusinessmag.com
Image credit: Generated with Gemini
