The broker launched Petsure which is designed to provide cover for cats and dogs regardless of pre-existing medical conditions.
Deal for Principal Insurance Ireland is the consolidator's fifth in Ireland this year.
Masojada is set to step down at the end of the year and will be succeeded by group CFO Aki Hussain.
The fraudster had previously pleaded guilty in June this year to fraud by false representation, money laundering, forgery and to the offence of being an unauthorised broker.
The portfolio will be integrated into GRP-owned ABL Group, doubling the Belfast-based broker's GWP to £107m.
The watchdog, which announced new rules earlier this year, is canvassing brokers about their readiness to implement the remedies.
As travel slowly starts to pick up again, Rachel Gordon investigates how specialist travel brokers have coped during the past 16 months of turmoil for this exclusive report.
The MGA said the claims product could be offered as ancillary cover by personal lines brokers or embedded into a home policy wording.
The study shows it is time for a service rethink when it comes to the insurance relationship as 44% of respondents do not believe insurers understand their business.
The total amount fell by 15% from £224.4m in 2019/20 as the regulator also outlines its response to the pandemic and other actions taken last year in its annual report for 2020/21.
The Financial Conduct Authority published the document on its website alongside a table to show relevant declarations by policy type.
The broker also revealed a plan to triple its international turnover and to grow its position as a large independent European broker.
Industry experts say firms need to focus on fair value after the regulator reveals plans to be tough and forward-looking.
It has been developed to protect the interests of Biba members and panellists include software houses.
The business, which claimed £614,000 furlough cash in 2020, was snapped up by Arch Re earlier this year.
The settlement follows on from the Supreme Court judgment in the FCA's BI test case in January.
Provider says split into distinct personal and commercial businesses will not result in any redundancies.
Watchdog to focus on innovation and tackling misconduct as it aims to to become a "forward-looking, proactive regulator".
It is the broker's second deal since it was bought by GRP in 2018.
Mulsanne launched a case against the start-up in March this year, accusing it of misusing confidential information and stealing trade secrets.
The collaboration is said to focus on insurance solutions for non-owned fleets in areas such as peer-to-peer vehicle sharing, on demand delivery, ridesharing, vehicle leasing, micromobility, and autonomous vehicles.
The move sees Steve Treloar become CEO, Allianz Personal and Simon McGinn become CEO, Allianz Commercial, as the provider announces a number of senior exits including Sarah Mallaby, Neil Clutterbuck and Chris Little.
The move follows Markel joining the panel of the Global Risk Partners network last month.
Updated figures reveal providers have made initial payments for unsettled claims worth £308.9m and final settlements worth £566.6m since the Supreme Court verdict in the FCA test case.