Mission Underwriters, which builds MGAs around experienced underwriters, has reached an agreed support a new team to launch a real estate MGA in January 2024, called Ventis.
The new MGA will target small to medium-sized property risks, with a remit to find and capitalise on gaps in the property market up to and beyond £100k.
The company has agreed on a long-term capacity commitment with Accelerant, the data-driven risk exchange.
Ventis is to be led by Gareth Roberts, who previously spent nine years at Covéa, managing its Mid-Market Specialist and Network division.
Adrian Morgan, Chief Executive Officer, Mission Underwriters, commented, “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.”
Chris Lee-Smith, Co-founder, Accelerant, added, “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. We’re excited to see what opportunities Gareth and team will unlock for the UK property market.”
