Brace Underwriting enhances capabilities with senior hire

19 June

LONDON 19 June 2024:
Brace Underwriting Limited (“Brace”), the Beat Capital-backed, multi-line and alternative risk
specialist underwriter, today announces the appointment of Michael Davis as Senior Underwriter.
He is based in London and reports to Tom Sambrook, Head of Underwriting.

Davis, in collaboration with Sambrook, will be heavily involved in developing Brace’s underwriting
strategy as well as managing client engagement and portfolio optimisation across all parts of the
company’s portfolio. He will also use his extensive experience in the Canadian property and casualty
market to expand this portion of Brace’s portfolio.

Davis brings more than 13 years of industry experience to Brace, having previously worked as a
property underwriter at Tokio Marine Kiln (“TMK”). He joined TMK as a graduate trainee in 2010,
later being promoted to property claim adjuster in 2012 and moving to the underwriting side of the
business in 2015.

Adam Holberry, Group CEO of Brace, said: “Brace is heavily invested in attracting market leading
talent to elevate its underwriting strategy and Mike will be an excellent addition to the team. His
experience in claims and underwriting, especially in the Canadian P&C market, will be invaluable as
we look to build out our portfolio further and I look forward to working with him.”
Davis said: “Brace’s innovative approach to underwriting and ability to meet the rising market
demand for tailored insurance products made joining this brilliant team a simple choice. I look
forward to working with Adam and Tom, tapping into my previous knowledge to continue
developing their underwriting approach.”

Media Contacts
For Brace:
David Haggie, Haggie Partners +44 2075624444
Olivia Thomson, Haggie Partners +44 2075624444

About Brace Underwriting
Brace Underwriting Limited was formed to meet the global demand for tailored insurance products and
to stand shoulder to shoulder with partners who want to transform risk into opportunity. Brace
specializes in Alternative Risk binders, focusing on specialist MGAs that come to market with a
differentiated product, an alternative distribution method, or expertise in a niche. Based in Lloyd’s, Brace
is part of Beat Capital Partners, writing consortia operated by Beat Syndicate 4242, an established Lloyd’s
syndicate benefiting from Lloyd’s A+ rating.
About Beat Capital Partners
Beat Capital Partners is a long duration venture capital investor exclusively focused on the insurance
industry, offering the right individuals and teams start-up funding, infrastructure, risk capital, and highly
rated paper, alongside experienced guidance and support. Beat has launched multiple businesses since
its founding in 2017 and operates Lloyd’s Syndicates 4242 and 1416. Beat is currently backed by
experienced insurance investors Bain Capital Credit, Elliott Management and Amwins, as well as its
management team, and is committed to being the best possible partner for entrepreneurial insurance
talent. It was announced on 5th June 2024 that Ambac Financial Group Inc. would acquire a controlling
stake in the business, subject to regulatory approval. For more information, see


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