London-based managing general agency (MGA) platform NuVenture has announced the launch of Hoxton Insurance Services, an MGA that will focus on Mid and High Net Worth personal lines insurance in the UK.
Trading exclusively through brokers, Hoxton Insurance Services will offer protection for homes, possessions, fine art, valuables, cars, travel and investment properties.
It will be backed by capacity from Hiscox and use digitised and automated the underwriting process to simplify data input, shorten question sets and help reduce the risks of under-insurance.
“Hoxton Insurance Services delivers an elegant digital solution for brokers and their clients, and aims to improve on every stage of the insurance process — from placement through to renewal and claims. We want to reinvent the broker and client experience for Mid and High Net Worth personal lines business,” said Justin Gott – Managing Director at Hoxton Insurance Services.
“With capacity provided by leading specialist insurer Hiscox, our innovative proposition is sold exclusively through brokers and gives them the opportunity to develop their personal lines business with modern technology, excellent products and great service,” Gott continued.
“Clients benefit from all their insurance needs being consolidated under a single policy with a single renewal date, a light-touch renewal process and an interest free, monthly direct debit payment plan.”
Andy Colbran, Chief Executive Officer at NuVenture, also commented: “Hoxton Insurance Services is the first MGA launched under the NuVenture banner and sets the standard for the digital transformation NuVenture is to be known for.
“In addition to offering quality personal lines insurance, Hoxton Insurance Services responds to the needs of all stakeholders, including brokers looking for fresh, new options and capacity providers.”
