Private investment firm Pelican Ventures has launched Tango Specialty, a modern, commercial lines managing general agency (MGA), and appointed Greg Wolyniec as President and CEO.
Tango Specialty will establish several sizeable programs with leading underwriting expertise supported with insurance capacity partnerships that will serve the complex needs of select specialty market clients and brokers.
As part of the launch, Tango acquired V3 Insurance Partners LLC, an existing MGA focused on specialty workers’ compensation and commercial property products. V3 will continue to operate its well-known underwriting divisions and will also serve as a turn-key shared-services operating platform supporting the new underwriting units under the broader Tango brand.
Joining the board of Tango Specialty are Bob Deutsch, as Chairman, Jim Stanard, Allan Cohen, and Win Hotchkiss from Pelican.
“I am incredibly excited to partner with such a deeply respected and experienced industry leadership team in launching Tango,” says Greg Wolyniec, President and CEO of Tango Specialty. “We will build our business and reputation based on leading technical underwriting acumen, synchronised partnerships with clients, brokers, and capacity partners, and an entrepreneurial, decisive organisational culture.”
Wolyniec was most recently President and CEO of Ascot US, where he led the successful launch and build of a broad scale US insurance business. Prior to Ascot, he spent several years at AIG in senior roles leading the commercial insurance business strategy, innovation, and M&A functions.