DOXA acquires Jupiter Underwriting Group in push for speciality casualty

DOXA has acquired Jupiter Underwriting Group, a US-based managing wide cause (MGA) specialising successful admitted umbrella and follow-form excess liability.

Financial presumption of the woody were not disclosed.

The woody is portion of DOXA’s 2026 maturation plans, aimed astatine expanding its beingness successful speciality casualty and adding capableness and enactment crossed a wider acceptable of speciality security lines.

DOXA president Kevin Wall said: “The hard work, subject and dedication that David and Dennis person enactment into gathering the Jupiter Underwriting Group are the nonstop characteristics we look for successful partners.

“That character, paired with the Jupiter Underwriting Group’s heavy expertise successful underwriting and almighty relationships crossed the market, marque them perfectly aligned with the DOXA community. The Jupiter Underwriting Group is recognised arsenic a high-quality level with a differentiated attack successful excess liability and we’re thrilled to invited their squad to DOXA to enactment our accelerated expansion.”

Jupiter Underwriting Group was established successful 2019 by security executives David Folkes and Dennis Burton.

Folkes has acquisition gathering and expanding platforms spanning retail and wholesale brokerages, carriers and MGAs.

Burton has much than 3 decades successful casualty underwriting, including elder enactment positions astatine established carriers.

The MGA underwrites analyzable risks crossed a scope of industries, including contractors, hospitality, existent estate, import/export, airy manufacturing and fabrication, and lipid and state speciality contractors.

The company’s improvement has been tied to specializer underwriting successful challenging classes of business, which is said to person helped it physique relationships with carriers and reinsurers, alongside what DOXA described arsenic a loyal lawsuit base.

Following the acquisition, Folkes and Burton volition proceed to pb Jupiter Underwriting Group nether DOXA and supply strategical support.

Folkes commented: “DOXA stood retired arsenic a spouse that not lone brings capital, but a wide knowing of however to turn speciality businesses the close way. Their platform, relationships, and shared mindset astir disciplined maturation made this a earthy fit.”

Together, they person 60 years of security manufacture experience.

DOXA describes itself arsenic a speciality security level that buys and grows niche-focused programme administrators and underwriting and organisation businesses, including MGAs, MGUs, brokers and direct-to-consumer operators.

It besides provides centralised sales, marketing, underwriting and operational support, and says it works with “over 20,000 cause broker relationships successful each 50 states” done “hundreds of customized speciality security programmes”.