What 360 Underwriting does

360 Underwriting (legal entity 360 Degree Underwriting dac) is a Managing General Agent (MGA) headquartered in Dublin, Ireland, that underwrites and distributes specialty construction insurance products on behalf of a panel of 12 A-rated capacity providers. Founded in 2017 by Paul Sherry and Tommy Byrne and commencing operations in 2019, the firm targets the Irish construction market through an exclusive broker-distribution model, with primary segments including commercial construction developers, residential property developers (apartment blocks and permanent dwelling houses), and project financiers/lenders requiring owner-controlled insurance programs (OCIP) and latent defects insurance (IDI).

The company's core product suite comprises latent defects insurance covering structural defects, subsidence, foundation issues, cladding, roofing, and water ingress for 10-12 year periods; project-specific insurance with €250m+ PML capacity covering CAR/EAR (Contractors All Risks/Erection All Risks), DSU/ALOP (Delay in Start-Up/Advance Loss of Profits), and liability lines; and bespoke coverage structured to meet financier and contractual requirements. Supporting services include risk engineering surveys performed by professional engineers and a local claims handling service with a 24-hour response commitment. Underwriting authority sits with the founders and is delegated through A-rated capacity providers; there is no proprietary AI/ML technology described, with risk selection dependent on bespoke actuarial modeling and engineering review.

360 Underwriting generates revenue primarily through MGA commissions on premiums placed with capacity providers, with multi-year contract structures across all three product tiers and quote-based pricing tied to project specifications. Since commencing operations, the firm has grown capacity by 500% and now trades with 12 A-rated insurers. In May 2025, Ryan Specialty (NYSE: RYAN) acquired 360 Underwriting and integrated it into Ryan Specialty Underwriting Managers, marking Ryan Specialty's entry into the Irish market; 360 now operates as a trading name of Ryan Specialty Europe GmbH, with regulated branches in Dublin and London and the founders continuing as Joint Managing Directors.

Name

360 Underwriting

Legal name

360 Degree Underwriting dac

Website

https://360uw.ie

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

360 Underwriting is an Irish Managing General Agent specializing in construction insurance (latent defects, CAR/EAR, DSU/ALOP, liability), distributing through broker partners on behalf of 12 A-rated insurers and integrated into Ryan Specialty Underwriting Managers since May 2025.

Ownership category

akta.pro rank

Product category

Construction Specialty Insurance

NAICS

Insurance Agencies and Brokerages (524210), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industry

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

Keywords

• Construction insurance
• Managing general agent
• Latent defects insurance
• Specialty insurance underwriting
• Construction risk insurance

Headquarters

HQ city

Galway

HQ country

Ireland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. MGA Insurance Commissions: As a Managing General Agent, 360 Underwriting earns commissions from insurance products placed with capacity providers. The company underwrites construction insurance risks (latent defects, CAR/EAR, liability) on behalf of A-rated insurers and receives a share of premiums as compensation.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

360 Underwriting is a Managing General Agent (MGA) that underwrites and distributes specialty construction insurance products on behalf of A-rated insurers in the Irish and UK markets. The portfolio covers Latent/Inherent Defects Insurance for residential and commercial properties (10-12 year coverage), Project Specific Insurance with €250m+ PML capacity for CAR/EAR, DSU/ALOP and liability risks, plus bespoke coverage, on-site claims handling, and risk engineering surveying services. Products are placed exclusively through a network of insurance brokers, with the company earning commissions as compensation.

Product overview

360 Degree Underwriting is a Managing General Agent (MGA) providing a unified portfolio of construction insurance products backed by A-rated insurers. The core product suite comprises Latent Defects Insurance (IDI) covering residential and commercial properties, Project Specific Insurance with €250m+ PML capacity for CAR/EAR, DSU/ALOP, and liability coverage, and Bespoke Coverage services tailored for project financiers. Supporting services include local Claims Handling (24-hour response) and Risk Engineering Surveys. The company operates with capacity from 12 A-rated insurers and increased capacity by 500% since 2019.

Differentiator

Problem solved

Functional benefit

Products and services

• Latent Defects Insurance

Quantifiable outcome

• 500% capacity increase since 2019
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Ryan SpecialtycoreStrategic or Co-development Partner · 20 May 2025Ryan Specialty, a Chicago-based NYSE-listed specialty insurance firm (RYAN), acquired 360° Underwriting in May 2025. The acquisition integrates 360 Underwriting into Ryan Specialty Underwriting Managers and marks Ryan Specialty's entry into the Irish market. 360 Underwriting operates as a trading name of Ryan Specialty Europe GmbH following the acquisition.
• A-Rated Insurers (12 insurers)coreStrategic or Co-development Partner · 1 January 2019360 Underwriting has maintained relationships with 12 A-rated insurers since commencement of operations in 2019. These capacity providers comply with rigorous global market security requirements, offering broker partners and clients requisite comfort around security. The same insurers have supported 360 since early trading days in 2019, reflecting the calibre of insurers brought to the market.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CFC Underwriting: UK-based specialty MGA focused on niche commercial lines including construction, professional indemnity, and complex commercial risks. Comparable as a similar-sized specialist MGA operating through broker distribution with delegated authority from A-rated capacity providers.
• Liberty Specialty Markets: Specialty insurer with a dedicated Construction and Energy division, where both founders of 360 (Sherry and Byrne) previously served as senior underwriters. Liberty writes construction, latent defects, and project-specific risks globally, representing the most direct carrier-side analog.
• IGS Underwriting Agency: Irish-based managing general agent writing construction, casualty, and specialty lines through broker distribution. Closest direct competitor in the Irish MGA market with overlapping product focus on contractor and construction-related placements.

Broad incumbents

• Ryan Specialty Underwriting Managers: Parent division of 360 Underwriting post-acquisition; operates a network of MGA and underwriting management entities across the US, UK, and Europe. Relevant as the immediate parent platform that 360 operates within for distribution, capacity sourcing, and shared service.
• Hiscox: UK-listed specialty insurer with dedicated construction, latent defects, and commercial property offerings. Comparable as a broader specialty insurer in the same geography with overlapping construction insurance products.
• Beazley: Lloyd's-listed specialty insurer with construction, latent defects, and property treaty capabilities. Comparable as a larger specialty carrier with strong UK/European construction underwriting presence.
• AXA XL Specialty: Global specialty insurance division offering construction, builder's risk, latent defects, and OCIP solutions. Comparable as a broad incumbent with explicit construction-specialty underwriting that competes for the same project placements as 360.
• Travelers Insurance: US-headquartered insurer with UK and European construction and warranty divisions, including latent defects/inherent defects products. Comparable as a broad incumbent with overlapping IDI and construction warranty offerings in the same geographies.
• Zurich Insurance UK: Major UK and European commercial insurance group with construction and latent defect capabilities. Comparable as a wide-portfolio insurer with the same broker-distributed construction and project risk products.

Regional players

• Griffiths & Armour: UK-focused construction and professional indemnity broker with deep project-specialist expertise. While a broker rather than MGA, it is highly comparable in targeting the same Irish/UK construction and OCIP segment with technical underwriting support.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/360-degree-underwriting-dac

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 360 Underwriting