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Castel transforms Square Pegs e-trading platform into standalone cell

Castel Underwriting Agencies, the club-style MGA formation platform, has announced the transformation of its Square Pegs SME e-trading solution into a standalone underwriting cell.

The move is in response to strong profitable business growth since launching as part of Castel’s specialty division in 2019.

Square Pegs enables brokers to obtain coverage for more challenging risks, including those with a complicated mixture of trade activities within a business, those operating in “high risk” locations or with non-standard or unusual product types and firms with prior financial difficulties including liquidation or bankruptcy.

Brokers use Square Pegs’ online trading platform to quote and

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