Inigo Limited (“Inigo”) is pleased to announce that Lloyd’s has approved its 2022 business plan, allowing for significant growth. Following a successful first year of underwriting in which Inigo’s controlled premium exceeded $425m, Inigo is now able to double its underwriting to a controlled premium in excess of $850m for 2022. Inigo’s underwriting and claims teams are at full strength, offering an excellent service to brokers and their clients, and with increased individual risk capacity.
Inigo opened for business at the start of 2021, having raised over $830 million from a consortium of leading global investors, and acquired its own managing agency. Inigo focussed on just 10 (re)insurance lines of business in its first year. That focus will be maintained in 2022, as will Inigo’s efforts to develop distinctive, data-driven underwriting, making the most of Inigo’s investment in fresh technologies, and lack of legacy systems and exposures.
Richard Watson, Chief Executive of Inigo said, “The momentum of support from brokers and policyholders in our first year, the majority of whom we have collectively known for many years, has been humbling.”
“We remain dedicated to the London distribution system and are proud to show that Lloyd’s and London can be the perfect place for an entrepreneurial team to start a business, at scale. Our focus for 2022 is to grow within our current lines, in which we continue to see many opportunities, and where our teams can supply capacity and leadership where it is needed. We sincerely appreciate the considerable support we have received from our broking partners, as well as from policyholders, investors and Lloyd’s as we move carefully into our second year of trading.”