Pinion Insurance, backed by $180M from Barings, launches with tech-driven underwriting for U.S., UK, and EU MGAs, targeting U.S. operations in Q2 2026.

Pinion Insurance, backed by $180 million from Barings, has launched with plans to offer tech-driven underwriting capacity to MGAs in the U.S., UK, and Europe. The London-based, Bermuda-incorporated firm aims to begin binding U.S. business in Q2 2026, pending regulatory approval and an AM Best rating, with EU and UK operations expected by 2027. It plans to acquire a shell company to secure nationwide E&S licenses and uses a data science-powered platform to improve transparency and efficiency for MGAs.