Brokerage invests in reinsurance MGA

London-based brokerage Howden Group Holdings Ltd. has invested in reinsurance managing general agent Tamesis Dual Ltd., Howden announced Wednesday.

The $84 million investment was provided by Howden and an unnamed third-party investor, the brokerage said in a statement.

Tamesis is part of Dual Group, a London-based MGA that has seven offices in the United States and offers retrocessional excess of loss coverage.

“This new binder, supporting this class, gives Tamesis increased capacity in an area which is seeing significantly improved pricing,” Dual CEO Richard Clapham said in the statement.