GreenieRE: By MGAs, For MGAs
GreenieRE’s long-term vision is to help grow the next generation of MGAs — not just by providing capital, but by building the ecosystem of collaboration they need to thrive. By positioning ourselves as a partner — an organization by MGAs, for MGAs — we aim to accelerate that pipeline.
With the energy transition comes complex, technical risks. Solar performance, battery degradation, and weather-driven disruptions (to name a few), must all be considered when insuring new projects, but no single insurance entity can specialize in them all. However, by aligning our capital and experience to elevate the expertise of others, especially MGAs, we can help scale solutions to these climate risks.
Why MGAs Matter
MGAs, or Managing General Agents, are underwriting intermediaries and an essential part of the insurance industry. While they don’t carry risk on their own balance sheets, they drive product development, analytics, software, and distribution.
These entities are at the creative edge of insurance, crafting new coverage, applying advanced risk models, and modernizing underwriting while capitalizing on their unique expertise. Despite industry leaders such as Energetic Capital, kWh Analytics, New Energy Risk, and FutureProof proving that tailored insurance products can unlock capital for clean energy and climate resilience, climate-focused MGAs are often constrained by limited capacity, the risk-bearing capital behind a policy.
Unlike venture fundraising rounds that close after just a few months, MGA founders often spend 9 to 24 months securing capacity. This delay slows the deployment of new products at a time when climate action can't wait.
MGAs need partners who understand both the urgency of climate innovation and the realities of insurance markets.
GreenieRE’s Role: Reinsurance and Reassurance
GreenieRE was founded on a simple principle: impact in insurance is built through partnership.
We believe the next wave of climate solutions will be unlocked through insurance, with MGAs leading the charge across energy, infrastructure, nature, and resilience. MGAs have seen direct written premium growth of 242% over the last four years, and the market shows no sign of slowing down. There’s a reason why MGAs are such an important part of the insurance industry: they drive innovation. By partnering with them, we can create connections that enable, accelerate, and support this innovation, growth, and solution deployment.
The GreenieRE team knows what it takes to build and run successful MGAs. We have first-hand experience in the programs space and subject matter expertise in the risk areas we support. Because our team has been in MGA founders’ shoes — as underwriters, product developers, and entrepreneurs — we know what it’s like to run into delays and red tape despite having a promising idea. That experience drives how we work: fast, honest, and collaborative. If we can support a product, we’ll say so. If we can’t, we’ll explain why. And if there’s a path forward, we’ll build it together.
GreenieRE’s nimble framework supports multiple lines of business under one structure and enables rapid pilot programs to test real-world risk, an area where larger carriers often hesitate due to size or novelty. We can also collaborate with MGAs or large customers to align innovation with structural flexibility. This adds value beyond capital; it’s a platform for collaborative experimentation.
GreenieRE’s value lies in being an early, climate-aligned partner offering both reinsurance and reassurance, supporting MGAs through:
· Validation: Backing models early and signaling credibility to larger carriers.
· Transparency: Providing clear timelines, expectations, and decisions.
· Flexibility: Launching smaller pilot programs to prove concepts and generate data that attracts scale capital.
· Speed: Getting your team decisions in three months instead of two years.
This approach doesn’t just unlock risk capacity; it de-risks the path for others to follow.
A Pipeline Strategy for the Future
GreenieRE’s long-term vision is to help grow the next generation of MGAs, not just by providing capital, but by building the ecosystem of collaboration they need to thrive. By positioning ourselves as a partner — an organization by MGAs, for MGAs — we aim to accelerate that pipeline.
If this sounds like a fit, we’d love to connect. We invite insurers seeking practical, climate-aligned asset management solutions to connect with us at submissions@greeniere.org and help scale this model across the industry.