Boost Insurance, the insurance infrastructure platform, has secured more than $130 million in new reinsurance capacity to sit behind its MGA, insurtech, and embedded insurance programmes.

In addition to renewing its treaties with all existing reinsurers, including strategic partners Bermudian-based RenaissanceRe and Canopius, its reinsurance panel has expanded to more than a dozen industry-leading risk capital providers through five active AM Best ‘A’ or ‘A-’ rated fronting carrier appointments.

Lisa Davis, chief executive officer of North America and Bermuda, of Canopius, said: “We expanded our relationship with Boost for their consistent track record of programme profitability, with a data-driven and technology-enabled approach to risk management.

“Boost’s platform helps us efficiently reach new segments of the market, and further diversify our portfolio.”

As an insurance infrastructure provider, Boost said, it packages the compliance, capital and technology needed to power an insurance programme and offers its customers white-label insurance products with built-in capacity, secured from its panel of reinsurers.

Boost also specialises in building specialty products, along with the risk capital to back them, to address emerging risks and markets.