December 4, 2023
Mission Underwriters invests in new real estate MGA to fill gaps in provision in the property market
London 12th December 2023 - Mission Underwriters, which builds MGAs around talented and experienced underwriters, announced that it has reached an agreement to support a new team to launch a real estate MGA in early 2024.
Ventis will target small to medium-sized property risks, with a remit to find and capitalise on unloved gaps in the property market up to and beyond £100k. It has a long-term capacity commitment with Accelerant, the data-driven risk exchange connecting underwriters of specialty insurance with risk capital providers. Ventis will be led by Gareth Roberts, who previously spent nine years at Covéa, managing its Mid-Market Specialist and Network division.
Adrian Morgan, CEO, Mission Underwriters, said: “Our remit is to provide long-term capacity along with regulatory, compliance and back-office support to winning teams of talented underwriters with a drive to find and fill gaps in provision within major insurance markets. Gareth and his team have a laser focus, not only on underwriting in more neglected corners of the SME and mid-size property market, but also on delivering same day personal service to their brokers.”
“We are big believers in the MGA model, and our commitment is to providing entrepreneurial MGAs with the capacity and tools they need to succeed,” said Accelerant co-founder Chris Lee-Smith. “We’re excited to see what opportunities Gareth and team will unlock for the UK property market.”
Ventis is set for launch in January 2024.
About Mission Underwriters
Mission Underwriters empowers high-performing underwriters to establish their own specialist insurance MGAs via our team of experts, differentiated technology infrastructure and long-term capacity. We're in the business of nurturing growth and propelling MGAs to evolve beyond the confines of mere incubation. At Mission, we share the same level of commitment as our MGAs in prioritising their customers' experience and satisfaction by offering ongoing tailored support that fosters long-term benefits over short-term gains. Mission Underwriters is backed by Altamont Capital Partners, a private equity firm focused primarily on making long-term, control investments in middle market businesses.
Learn more at: https://missionunderwriters.co.uk/
Media contact: angela.panuccio@missionunderwriters.co.uk Introducing Legal Expenses coverage
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