DOXA has acquired Jupiter Underwriting Group, a US-based managing normal agent (MGA) specialising in admitted umbrella and follow-form extra legal responsibility.
Monetary phrases of the deal weren’t disclosed.
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The deal is a part of DOXA’s 2026 progress plans, geared toward growing its presence in speciality casualty and including capability and help throughout a wider set of speciality insurance coverage traces.
DOXA president Kevin Wall stated: “The laborious work, self-discipline and dedication that David and Dennis have put into constructing the Jupiter Underwriting Group are the precise traits we search for in companions.
“That character, paired with the Jupiter Underwriting Group’s deep experience in underwriting and highly effective relationships throughout the market, make them completely aligned with the DOXA neighborhood. The Jupiter Underwriting Group is recognised as a high-quality platform with a differentiated strategy in extra legal responsibility and we’re thrilled to welcome their workforce to DOXA to help our speedy enlargement.”
Jupiter Underwriting Group was established in 2019 by insurance coverage executives David Folkes and Dennis Burton.
Folkes has expertise constructing and increasing platforms spanning retail and wholesale brokerages, carriers and MGAs.
Burton has greater than three many years in casualty underwriting, together with senior management positions at established carriers.
The MGA underwrites complicated dangers throughout a spread of industries, together with contractors, hospitality, actual property, import/export, gentle manufacturing and fabrication, and oil and gasoline speciality contractors.
The corporate’s improvement has been tied to specialist underwriting in difficult lessons of enterprise, which is claimed to have helped it construct relationships with carriers and reinsurers, alongside what DOXA described as a loyal buyer base.
Following the acquisition, Folkes and Burton will proceed to steer Jupiter Underwriting Group below DOXA and supply strategic help.
Folkes commented: “DOXA stood out as a companion that not solely brings capital, however a transparent understanding of develop speciality companies the correct means. Their platform, relationships, and shared mindset round disciplined progress made this a pure match.”
Collectively, they’ve 60 years of insurance coverage trade expertise.
DOXA describes itself as a speciality insurance coverage platform that buys and grows niche-focused programme directors and underwriting and distribution companies, together with MGAs, MGUs, brokers and direct-to-consumer operators.
It additionally offers centralised gross sales, advertising and marketing, underwriting and operational help, and says it really works with “over 20,000 agent dealer relationships in all 50 states” by means of “a whole bunch of customized speciality insurance coverage programmes”.
