More Capacity At Bspoke Underwriting

The latest expansion news from Bspoke Underwriting for you;

Bspoke Underwriting, the specialist UK personal lines MGU, has secured a new five-year capacity deal via the Accelerant Risk Exchange, providing £50 million of capacity annually to support its growing portfolio of specialty personal lines schemes.

The agreement ensures continuity for coverholders whilst creating additional headroom to develop new niche schemes across the UK market.

Bspoke Underwriting’s focus is on providing capacity for UK personal lines schemes.  They specialise in consumer products that are niche, or that are distributed through non-mainstream channels.

The portfolio comprises a diverse set of approximately 20 specialist products, and a broad mix of personal lines schemes focused on contents and personal possessions, events, leisure and cherished items, and motor ancillary cover.

Clare Knight, Managing Director of Bspoke Underwriting, said: “Securing this five-year partnership is an important step for us and our coverholder partners. This is a complex, multi-line portfolio and we worked at real pace to deliver a smooth transition.

“It’s been a fantastic demonstration of what can be achieved when everyone collaborates to find solutions, and our transparent, close-working partnership with Accelerant has been central throughout. The new capacity gives us flexibility, stability and room to grow as we continue backing innovative niche products and specialist distribution.”

William Coates, Member Relationships Director of Accelerant, said: “Bspoke Underwriting has built a distinctive specialty personal lines proposition and a strong track record supporting coverholders in niche markets. We’re pleased to support the continued expansion of their non-standard portfolio and bring more specialist products to customers through trusted scheme partners.”

Bspoke Underwriting added that the additional capacity and the long-term nature of the agreement reinforces its message to scheme partners that it is open for business for well-structured niche personal lines schemes, particularly outside mainstream mass-market distribution.