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Arcadian Risk Capital

Bermuda-headquartered managing general agent (MGA) underwriting specialty liability and property risks for large corporate clients worldwide.

Last updated September 28, 2026

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Overview

Arcadian Risk Capital is a Bermuda-headquartered managing general agent (MGA) that provides bespoke risk management insurance solutions to large and mid-size corporate clients. Founded and led by John Boylan, a veteran specialty insurance executive with prior leadership roles at AIG, XL Group and Markel, the company began operations in 2020 with the backing of Third Point Re, which took a minority stake. Arcadian operates through four distinct entities in Bermuda, Ireland, the United Kingdom and the United States, and is an approved Lloyd's Coverholder. The firm focuses on complex, large-limit risks across general liability, professional liability, management liability, employment practices liability, transactional liability and property insurance. Its professional liability practice targets US and international large to mid-size professional service firms, while its property practice serves large multinational and Fortune 1000 clients with total insured values generally in excess of $1 billion, concentrating on commercial, industrial and technical risks. Capacity and security for the risks Arcadian underwrites are provided in partnership with SiriusPoint, RenaissanceRe and Somers Re. Arcadian has expanded steadily since its launch. It received regulatory authorization from the Bermuda Monetary Authority effective 1 October 2020, and in 2022 obtained approvals for sister companies from the Central Bank of Ireland and the UK Financial Conduct Authority, enabling expansion into the European Union and the United Kingdom. In March 2023, its partnership with SiriusPoint—the successor to Third Point Re—was extended through 2026. In October 2025, Arcadian announced an investment from Lee Equity Partners to accelerate expansion into new lines and geographies. The company has also announced entries into US Management Liability, US Miscellaneous Professional Liability and US Excess Casualty, hiring experienced underwriting leaders to drive each initiative. Arcadian positions itself as a client-focused, innovation-driven underwriting specialist with deep industry knowledge and the ability to manage portfolios across all points of the insurance cycle. Its business model centers on bespoke solutions, disciplined underwriting and long-term capacity partnerships with highly rated carriers.

History

Arcadian Risk Capital was founded in 2020 by John Boylan, a veteran specialty insurance executive who had previously held senior roles at AIG, XL Group and Markel. The company was established with the support of Third Point Re, which acquired a minority stake. Arcadian received regulatory authorization from the Bermuda Monetary Authority to commence business effective 1 October 2020. In 2022, Arcadian expanded into the European Union and the United Kingdom after its sister companies received authorization from the Central Bank of Ireland and the Financial Conduct Authority, respectively. In the same year, the company reported gross written premium income of over US$290 million. In March 2023, Arcadian and SiriusPoint—the company that emerged from Third Point Re—announced the extension of their multi-year partnership through 2026. SiriusPoint acts as a risk carrier and provides capacity through its Bermuda and Swedish entities. In October 2025, Arcadian announced an investment from Lee Equity Partners, which the company said would accelerate its expansion into new lines of business and geographies. The company also stated it was actively targeting experienced underwriting teams with proven track records across insurance cycles. In February 2026, Arcadian announced its entry into the U.S. Management Liability market with the appointment of Mark Butler as Executive Vice President, and secured Lloyd's coverholder status and multi-year capacity to support the expansion. In July 2026, it announced the appointment of Michael Cunney as Executive Vice President to lead its expansion into the U.S. Miscellaneous Professional Liability market. In September 2026, it announced the appointment of Matthew Mullen as Executive Vice President to lead its expansion into the U.S. large account excess Casualty business. Today, Arcadian operates through four distinct entities in Bermuda, Ireland, the United Kingdom and the United States, and is an approved Lloyd's Coverholder. It underwrites general liability, professional liability, management liability, employment practices liability, transactional liability and property insurance, with capacity provided in partnership with SiriusPoint, RenaissanceRe and Somers Re.

  • Founded by John Boylan with backing from Third Point Re, which acquired a minority stake.

  • Received regulatory authorization from the Bermuda Monetary Authority to commence business.

  • Expanded into the European Union and the United Kingdom after sister companies received authorization from the Central Bank of Ireland and the Financial Conduct Authority.

  • Reported gross written premium income of over US$290 million.

  • Extended multi-year partnership with SiriusPoint through 2026.

  • Announced investment from Lee Equity Partners to accelerate expansion.

  • Announced entry into U.S. Management Liability market with hire of Mark Butler; secured Lloyd's coverholder status and multi-year capacity.

  • Announced appointment of Michael Cunney to lead expansion into U.S. Miscellaneous Professional Liability market.

  • Announced appointment of Matthew Mullen to lead expansion into U.S. large account excess Casualty business.

Products and positioning

Client-focused MGA offering bespoke risk management insurance solutions with deep underwriting expertise and long-term capacity partnerships.

  • General Liability

    Bespoke solutions for a variety of industries and business classes.

  • Professional Liability

    Focus on US and international large to mid-size professional service firms; includes Management Liability, Employment Practices Liability and Transactional Liability.

  • Property Insurance

    Solutions for large multinational and Fortune 1000 clients with total insured values generally in excess of $1 billion; focus on commercial, industrial and technical risks.

  • Excess Casualty

    US large account excess casualty business.

  • Miscellaneous Professional Liability

    US MPL market expansion.

Recent events

  • Third Point Re announces investment and partnership with Arcadian Risk[7]

    Reported:

    Third Point Re announced an investment in Arcadian Risk Capital, taking a minority stake, and said it would provide insurance paper and capacity for the new venture.

Sources7 sources

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