Pinion US Holdings LLC, the US subsidiary of Pinion Holdings Ltd, has received Form A change in control approval from the Oklahoma Department of Insurance to complete the acquisition of Catlin Specialty Insurance Company, a US eligible excess and surplus line writer.
The approval was announced on 12 November 2026. Financial terms were not disclosed.
According to Pinion, the approval establishes the regulated infrastructure for its US underwriting strategy. The company said it is in active discussions with a pipeline of specialist managing general agents (MGAs) across a range of US specialty classes, with underwriting and due diligence under way, as it moves towards launching US underwriting operations.
"This is an important step in establishing Pinion in the US market," said Gary Maier, U.S. Chief Executive Officer of Pinion Insurance. "We are building a business designed specifically for the modern MGA ecosystem, combining experienced underwriting leadership, responsive long-term capacity, and technology that enables us to work with our partners in a fundamentally different way."
"Our focus is now firmly on execution. We are ready to partner with high-quality MGAs that bring specialist underwriting expertise, strong distribution, and a clear alignment of interests with their capacity providers," said Kyle Selvig, U.S. Chief Underwriting Officer of Pinion Insurance.
Pinion launched in February 2026 with a commitment of up to $180m from global asset management firm Barings.
The company is a specialty insurance platform offering capacity for MGAs across the US, UK, and European markets. It works through a fully integrated proprietary technology platform that shares underwriting, exposure, and claims data with its partners.
Pinion has offices in London, Wilmington, Delaware, and Hamilton, Bermuda.
The Oklahoma approval gives Pinion a regulated route into the US excess and surplus lines market as it prepares to begin writing business with MGA partners there.
