Pinion Insurance, backed by $180M from Barings, launches in London, targeting U.S. excess and surplus lines underwriting by Q2 2026 with plans for U.K. and EU expansion by 2027.

Pinion Insurance, a new Bermuda-incorporated specialty insurer backed by $180 million from Barings, has launched with plans to provide insurance capacity to managing general agents in the U.S., U.K., and EU. Headquartered in London, the company aims to begin underwriting U.S. business in Q2 2026 after securing regulatory approval and a shell company for nationwide excess and surplus lines licenses. Operations in the U.K. and EU are expected by 2027, pending approvals and an AM Best rating. Built on technology from its sister firm, Pinion Risk Consulting, the platform focuses on real-time underwriting insights, transparency, and efficiency for MGAs and reinsurers.