As part of the collaboration, AIG conducted a detailed review of McGill and Partners’ specialty portfolio, reportedly confirming its strength and quality.

Based on this analysis, made possible by McGill and Partners’ digital-first approach since its 2019 launch, AIG developed underwriting criteria to enable real-time underwriting through the broker’s digital platform.

AIG reportedly expects to deploy meaningful capacity of 25% across up to $1.6 billion of McGill and Partners’ Gross Premiums Written specialty portfolio.

McGill and Partners noted that its tech-enabled platform provided high-quality data and insights, enabling AIG to underwrite the portfolio and apply an agentic AI approach to manage its future performance.

McGill and Partners observed that by leveraging it digital broking platform in addition to Palantir’s Foundry platform, AIG will develop “comprehensive insights” on business underwritten, including near real-time exposure, limit deployment, modelled risk outputs and loss information.

The broker explained that this access to near real-time data analysis will allow AIG to manage the performance and deployment of AIG’s capacity to its clients on an ongoing basis.

“This strategic collaboration sets a new industry benchmark and significantly evolves the model for pre-secured capacity across a diverse specialty portfolio of risk,” McGill and Partners added.

Steve McGill, CEO, McGill and Partners, commented, “This collaboration has the potential to disrupt the dynamics of the subscription market.

“It strengthens the value proposition of leading underwriters in the market and redefines the way capacity is positioned in the best interests of our clients. This moves beyond incremental change and repositions the way the market operates in the future.”

Peter Zaffino, Chairman & Chief Executive Officer, AIG, said, “The rapid evolution of AI and large language models is reshaping risk analytics, giving us the ability to continuously learn from McGill and Partners’ portfolio and deploy capacity with greater insight, discipline and speed.

“By using McGill and Partners’ robust data ingestion capabilities along with Palantir’s Foundry platform, we are able to evaluate their portfolio to align with our risk appetite, and over time, we see significant opportunity to deliver greater efficiency to the subscription market while giving clients easier access to high-quality insurance solutions.”

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The facility is designed to support local Ukrainian cedants, including ARX, the insurer McGill and Partners first collaborated with, by providing the reinsurance capacity needed to protect commercial property in the region against war-related risks faced by their clients.

“The increase in capacity reflects a marked expansion in carrier participation, which has more than doubled and now stands at 14 insurers, including Aegis London, Atrium, AXIS, Liberty Specialty Markets, The Fidelis Partnership, and Westfield Specialty International,” McGill and Partners explained.

Participating carriers have reportedly committed $250m in the aggregate for the next 12 months, which, McGill and Partners said, reflects the significant expansion in per-risk and aggregate capacity available for Ukrainian clients.

According to the firm, more than $100m of cover has been placed for the benefit of businesses operating in Ukraine, allowing vital industries such as energy production, manufacturing, warehousing, food and battery energy storage to access the cover they need.

Chris Stevenson, Head of Property, Casualty, and Construction at McGill and Partners, commented on the renewal, “This is the only facility in the market that offers these kinds of limits at this scale, and we’re committed to ensuring it continues to provide meaningful support to businesses operating in such difficult circumstances.

“We’re pleased to be able to increase the limits and provide access to critical cover to support Ukrainian businesses as they navigate the devastating effects of war and look to rebuild in the future.”

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The partnership aligns AEGIS London’s risk appetite across multiple business lines with McGill and Partners’ client portfolio. Using advanced technology, the platform will algorithmically identify eligible risks, provide quotes, and bind cover in line with a lead’s terms, significantly streamlining the placement process.

Underwriters will benefit from increased transparency through a bespoke dashboard that provides data on risk selection and exposure management to help them manage the portfolio. This supports strong underwriting standards while simplifying a historically complex process. Automating and combining the quote-and-bind workflow with AEGIS London’s predefined underwriting criteria will accelerate placements and improve overall efficiency.

Clients will receive faster access to high-quality follow capacity, delivered in accordance with the lead underwriter’s terms, conditions, and pricing. This gives clients greater certainty and confidence in the fulfilment of their placement needs.

The initiative is powered by McGill and Partners’ proprietary Underscore broking platform and has the potential to scale across additional partners.

Steve McGill, CEO at McGill and Partners, said, “We’re excited to launch this digital partnership with AEGIS London. It is built on our shared ambition to deliver smarter, digitally-enabled solutions for the benefit of our clients and drive real change in our industry. At its core, it will deliver what our clients value the most: speed, certainty, and high-quality capacity. By streamlining the placement process, we unlock our brokers’ ability to leverage the wider market more effectively, which will result in a superior client experience.”

Alex Powell, Chief Executive Officer, AEGIS London, added, “This represents a transformative approach in how we use dedicated data analysis to inform and enhance underwriting decisions. By combining advanced analytics with innovative digital trading capabilities, we’re creating a platform that not only simplifies access but deepens collaboration with brokers for the benefit of our clients.

“Underwriting excellence remains at the heart of AEGIS London, and this initiative builds on that through data-driven risk selection. The ability to automatically identify eligible risks and deliver quote-and-bind functionality based on predefined underwriting criteria demonstrates a significant step forward in delivering a truly digital and dynamic trading capability to the market.”

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Entering its second year, the facility will increase its maximum capacity from 20% to 25% for all eligible lines of business, providing clients with greater flexibility and broader opportunities.

Supported by a panel of Lloyd’s insurers and led by Beazley’s Smart Tracker Syndicate, Auton benefits from Lloyd’s strong financial standing. Its innovative structure allows underwriters to adjust line sizes dynamically, aligning participation with their individual risk appetite.

Auton’s combination of flexibility and access to a wide-ranging portfolio across multiple classes and regions has established it as a leading choice in the Lloyd’s market. With an average indexation rate above 75%, the facility has exceeded market expectations.

Digital tools further set Auton apart. According to recent feedback from its underwriting panel, its live dashboards and reporting rank among the most effective in the market. These tools deliver real-time data on index performance, premiums, claims, aggregate accumulations, and modelled losses, giving underwriters critical insights to manage their portfolios efficiently.

The capacity increase follows a successful first year that included the launch of Auton Green, offering up to 40% capacity for onshore renewable energy risks. With this expansion, McGill and Partners continues to provide efficient placement solutions and reinforce Auton’s value to clients across all segments.

Mark Gregson, Head of Digital Solutions, McGill and Partners, commented: “The success of Auton in its first year is a testament to our digital innovation and the strong collaborative partnerships we have with our carriers, which have been key to the facility’s ongoing improvement. The increase in capacity, is a direct response to the appetite of our carriers and clients who are looking for a more efficient, effective and streamlined placement process.”

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This platform will enable brokers to manage the entire placement lifecycle, from submission to binding, and optimize subsequent processing.

Through the digitalisation of its broking workflow and strategic partnerships with Salesforce and Google, McGill and Partners will implement a fully integrated, end-to-end solution.

This initiative will provide their brokers with digital tools designed to maximise their focus on client relationships and market engagement, while simultaneously reducing administrative time.

“McGill and Partners is the first broker to adopt Artificial’s Smart Placement platform end-to-end. This digital platform ensures that key data, marketing activity, and contract documents are managed in one secure environment, providing valuable client and broking insights, and also supports the next phase of the firm’s AI initiatives,” the firm stated.

The new solution, set for global implementation,, will be seamlessly integrated into McGill and Partners’ existing digital framework.

The initial phase of its rollout will focus on all specialty areas across the UK and Europe, starting in late 2025 and continuing through 2026.

Nick Williams-Walker, Chief Operating Officer of McGill and Partners, commented: “This is a critical part of our ‘digital-first’ strategy and reinforces our commitment to building market-leading tools. We are creating a best-in-class digital broking environment that empowers our colleagues to focus on what they do best – delivering great outcomes for our clients.”

David King, Co-Founder and Co-CEO of Artificial Labs, said: “We are proud to collaborate with a forward-thinking firm like McGill and Partners. Our solution will deliver a fully configurable, broker-first platform that removes operational friction and unlocks the full potential of digital placement. Smart Placement is the only tool of its kind in the market – purpose-built to meet the evolving needs of specialty brokers and designed to integrate seamlessly across the placement lifecycle.

“By combining advanced technology with deep market understanding, we’re helping McGill and Partners scale their strategy, streamline execution, and deliver exceptional outcomes for their clients. Together, we are creating a more efficient and connected ecosystem.”

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The broker is collaborating with Bellwether, a group of geospatial experts from X, Alphabet’s Moonshot Factory, to improve disaster preparedness and recovery for its clients.

The core of the project involves using Google Earth AI models – which combine specialised foundational models with a reasoning entice – to provide predictive analysis of property damage before a storm even strikes.

This predictive capability is a “game changer,” according to Catherine Tillyard, Partner at McGill & Partners and leader of its catastrophe team.

“Currently a lot of the insurers have to wait for that information and they’re doing what we’re doing, they’re looking for data. They’re looking for information, and now they can have it at their fingertips to make those decisions in real time,” said Tillyard.

She continued: “AI is here, embrace the technology. We have found that technology is a huge enabler to help us solve these complex challenges. It’s just going to allow us to do our jobs in a much more efficient way and deliver solutions to our clients much quicker and in a much more targeted way.”

The immediate access to data allows McGill & Partners’ clients to pay claims faster so homeowners can start rebuilding sooner, ultimately saving them time, money, and stress.

Tillyard emphasised the alignment with Bellwether, stating: “With Bellwether we have found an amazing partner because our mindsets are very aligned, in terms of being very innovative, taking a very complex challenge and solving it, with a real purpose about supporting our clients.”

McGill & Partners is integrating Google’s Earth observation data capabilities to enhance its understanding of hazards like hurricanes

“We use complex scientific and engineering models that help us understand where the hazards will occur, how frequent, how severe they’ll be, what properties, and what assets are in harm’s way,” Tillyard explained.

Adding: “The thing that really excites us about working with the Bellwether team is empowering our clients to have this data at their fingertips, to put those very technical tools and those data sets in the hands of the decision makers, which allows them to respond and support their customers more quickly. It’s a game changer.”

Google highlights the reliability of its models, which have been built to provide trusted information to billions around the world.

“For years, we’ve been building models about the world, including floods, wildfires, air quality, and cyclones, providing trusted information to billions of people and organisations. For example, our flood forecasting — information now covering more than two billion people — provides life-saving forecasts before significant river floods,” Google stated.

The insurance and reinsurance sector has been increasingly using earth observation data (satellite imagery, weather patterns, etc.) to improve risk assessment and underwriting by providing a more granular, property-level view of hazards (e.g., flood, wildfire, wind).

It has also been used to help accelerate claims processing after a catastrophic event by analysing post-disaster satellite imagery, as well as to identify profitable opportunities in areas previously deemed uninsurable due to a lack of precise data.

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Alongside the announcement of these record results, McGill and Partners revealed it has also secured new credit facilities of $300 million from lenders Morgan Stanley, Permira and Bridgepoint.

This new strategic refinancing follows the announcement, at the end of last year, that McGill and Partners was one of the companies selected by Warburg Pincus for inclusion in its first-ever multi-asset continuation fund.

“This refinancing represents another significant step in McGill and Partners’ ongoing growth and evolution, enabling long-term lender support at conservative levels of leverage and making significant returns available to eligible shareholders via a dividend recapitalisation,” the firm said of its new credit facilities.

McGill and Partners noted that the financing, arranged with those mentioned leading private credit market participants, will provide a more flexible, long-term capital structure that reflects the firm’s maturity and strengthens its strategic positioning.

“The new arrangement comprises a senior facility, an acquisition facility to support further investment in talent and technology (including AI), and a revolving credit facility. In combination with the existing funding capacity from Warburg Pincus, the new facility underscores the firm’s continued growth and supports its long-term financial objectives,” McGill and Partners added.

Steve McGill, Chief Executive Officer of McGill and Partners, commented, “I am immensely proud of what we have achieved in just six years. The business continues to deliver significant growth and we have reached a level of maturity that means we have more flexible and attractive financing options available to us to support our future ambitions.”

“We stand apart from others in the sector as a global specialty firm built organically, with a client-centric, single P&L, a unique culture, a state-of-the-art and fully integrated platform, and market-leading revenue growth.

“It is these differentiators, coupled with the new financing arrangement, that will deliver exceptional client value and allow all our colleagues to reap the benefits of our collective endeavours as the business continues to thrive and deliver on its growth potential.”

James O’Gara, Managing Director at Warburg Pincus, said, “Over the past six years, McGill and Partners has evolved from a start-up challenger to an established player, winning share by delivering for its global clients and talent base. Notably, Steve and the wider team have done it the hard way – purpose-building the business from scratch.

“The reward is a truly differentiated firm, with a singular culture, unique technology-led approach and an integrated platform poised to continue its impressive organic growth track record.

“This refinancing is another positive milestone in that journey; both reflecting the great progress to date, as well as giving the business renewed firepower, in conjunction with our support, to pursue its unique talent acquisition strategy. We are tremendously proud of what the team has accomplished, and enthusiastic about their continued potential from here.”

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Reynolds brings nearly 30 years of leadership experience in the insurance industry, and will join the company later in the year, subject to regulatory approval.

The executive is joining McGill and Partners from Oneglobal, where he most recently served as Group CEO, a role he held for the last five years. Reynolds will take up his new position once he has fulfilled his contractual obligations to Oneglobal.

Prior to leading Oneglobal, he was CEO of JLT Re, Group Finance Director of JLT Group Plc and has also held CFO positions at ACE Europe and Aon Benfield.

Founded in 2019 with backing from Warburg Pincus, McGill and Partners has become one of the fastest growing firms in the re/insurance broking financial services sector, the firm stated.

In the last three years, the company’s compound annual growth has exceeded 20%, all of which has been organic. McGill and Partners’ success and high growth potential led its inclusion in Warburg Pincus’ first-ever multi-asset continuation fund, alongside a diversified portfolio of companies, all of which have demonstrated significant success and high growth potential.

Steve McGill, Group CEO, McGill and Partners, commented: “We have much to be proud of. We have built a global boutique specialty business at scale, entirely organically, in a relatively short period of time. As we look to the future, we are delighted to add Mike Reynolds to the team. Mike will bring a wealth of experience to the firm as we continue to build and grow the business.”

“We thank Dominic for his tireless work over the last three years and wish him all the best for the future as he transitions out of the firm next year. During this time, he has made an enormous contribution towards putting the firm in its current strong financial position and helped to guide it through a period of impressive organic growth.”

Reynolds added: “With a high-quality team, a unique culture and state-of-the-art technology platform, I’m thrilled to be part of the next chapter of this exciting firm.”

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The firm also announced that George Cantlay, currently part of the global treaty reinsurance team in London, will take on the additional role of President of the Bermuda business.

In her new position, Henderson will be responsible for driving the growth of McGill and Partners’ reinsurance business.

She brings over 20 years of experience in Casualty, Specialty, and Property Reinsurance, with a focus on complex risk-linked placements. She has supported Insurance-Linked Securities (ILS), Lloyd’s, and Bermuda-based companies.

Earlier in her career, she held senior roles at Peak Capital, Brit Insurance, PartnerRe, Nephila Capital, and RenaissanceRe, among others.

Her extensive experience in both traditional reinsurance and ILS will support the firm’s strategic focus on delivering efficient and regulatory-compliant risk transfer solutions.

As President, Cantlay will oversee the production and placement of reinsurance, working across multiple lines of business.

He has spent the past five years at McGill and Partners, joining as Partner (Reinsurance) and most recently serving as Head of Broking Strategy – Partner (Reinsurance) since 2022.

Prior to that, he spent six years at Aon, where he worked in the Global Client Treaty team, serving some of the firm’s largest clients across all classes of business.

These leadership appointments reflect McGill and Partners’ continued investment in the Bermuda reinsurance market and its strategic focus on strengthening operations and leadership in the region.

Steve McGill, Founder and CEO of McGill and Partners, said, “I’m delighted to welcome Julia to McGill and Partners, joining the Bermuda team alongside George as he takes on his new position.

“These appointments will continue to strengthen our ability to serve clients with the precision, agility and insight they’ve come to expect – positioning us at the forefront of specialty reinsurance broking.”

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This expansion, following a successful first year, is set to offer enhanced support to leaseholders in England, Wales and Northern Ireland, as well as owners in Scotland, facing challenges in securing building insurance.

Launched in April 2024, the Facility has already proven instrumental in the market, enabling insurers to provide courage for over 760 high-risk buildings with a collective insured value of £17.1 billion in its first year.

This has not only helped leaseholders and owners to access insurance where it was previously difficult to obtain but has also, in some instances, led to reduced premiums.

The Fire Safety Reinsurance Facility was created by insurance and reinsurance broker McGill and Partners with support from the ABI, and in partnership with the British Insurance Brokers Association.

Hannah Gurga, Director General, The ABI, stated: “The tragic fire at Grenfell Tower exposed critical failures in the building safety regime. As a result, insurers had to reassess their understanding of the risk these buildings posed, and leaseholders have shouldered the financial and emotional burden of living in homes that weren’t as safe as they first thought.

“By establishing the Fire Safety Reinsurance Facility, the industry is working to improve capacity in the market for multi-occupancy buildings and, by extension, support leaseholders. Increasing the cover limit to £75 million is a significant step and I hope this will mean that more buildings and leaseholders can be supported while remediation work takes place.”

Aidan Kerr, Director, Public Sector Solutions, Swiss Re, said: “The Fire Safety Reinsurance Facility continues to play a crucial role in ensuring cover remains available for residents of multi-occupancy buildings, whilst the crucial remediation work takes place. With this expansion of the Facility, even more affected buildings and their residents can have access to the vital protection that insurance provides.

“Swiss Re is proud to be the lead reinsurer for the Fire Safety Reinsurance Facility; it’s a great example of how the insurance industry can come together to help solve some of the most pressing problems across the UK.”

Increased capacity is expected to encourage more competition and improve the availability of insurance for high-risk buildings while remediation work takes place.

While the Facility offers an important tool, it was highlighted that comprehensive remediation of buildings to robust fire safety standards is the long-term solution.

The intention, according to the ABI, is to eliminate the need for this organisation all together as buildings can find appropriate insurance through the wider market.

Steve McGill CBE, Chief Executive Officer, McGill and Partners, said: “The Fire Safety Reinsurance Facility is something we are hugely proud of as a firm. Providing a solution to an issue that was so concerning to leaseholders and challenging for the insurance sector alike, is testimony to the way we do business.

“The very fact that we have been able to increase the limits is evidence to the success of the Facility itself. This success has enabled us to collaborate with the market to enhance the limits for those insurers who are part of the Facility, allowing greater risk transfer for them and creating further benefits for those involved in the future.”

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