’We are committed to investing in broker relationships and giving them easy access to underwriters,’ says chief executiveCommercial and real estate managing general agent (MGA) Ventis has officially opened for business in the UK, a statement released yesterday (11 January 2024) said. The business will “work closely with a select group of partner brokers” to target medium-sized property risks from £50k to over £1m, which Ventis claimed was an area “overlooked” in the UK insurance market. Cover extensions offered by the MGA will include buildings, loss of rent, employers’ liability, property owners’ liability, terrorism and optional legal expenses. Roberts said that “Ventis is designed to be a breath of fresh air for the property insurance market”. Accelerant Insurance Europe provided long-term capacity for the launch, which was also supported by Mission Underwriters.

Source: The Times January 12, 2024 07:17 UTC