MGAguard, a new technology-enabled platform funded by Cerberus Capital Management, L.P. and its affiliates and funds managed by TCW Asset Management Co., has launched with a focus on offering specialty insurance products.
MGAguard, through its RBTguard program, will initially target the hospitality industry, specifically restaurants, bars, and taverns. It will offer admitted insurance products, including property, business interruption, liquor liability, general liability, cyber liability, and employment practices liability. The RBTguard program is supported by an admitted A+ Rated A.M. Best insurer. Agents can become appointed through the MGAguard website.
MGAguard is a strategic initiative of Cerberus and TCW, which bought R.C.A. Insurance Group’s (RCA) assets through key acquisitions.
MGAguard is backed by a leadership team with more than 150 years of insurance industry expertise. The executive team is led by Lee Wilson, executive chairman; David Hampson, chief strategy officer; Kevin Littlejohn, chief operating officer; Gex Richardson, chief administrative officer; and Mike Rosa, managing director of Underwriting.
As chief strategy officer, Hampson is responsible…
