Commercial and residential real estate MGA Ventis is to launch on the Acturis e-trade platform. The strategic expansion will be led by newly appointed director of SME, Ian Newman and Jenny Attewell, SME lead underwriter.
Ventis will be issuing policies that cover up to 20 properties, with a total sum insured of up to £20m. Policies up to £10,000 can automatically be bound, with any quotes requiring a referral aiming to be handled within half an hour by the Ventis underwriting team.
The MGA’s core appetite for standard real estate risk lies in a policy value of between £5,000 and £20,000.
Ian Newman, director of SME at Ventis, said: “We are hearing from brokers that the e-trade market is oversaturated below a policy value of around £5,000, with a dearth of quality capacity above that. Ventis’ tailored SME and mid-market real estate products have received a hugely positive reaction from the market since launching in December 2023. By bringing the same product through the e-trade platform where many brokers have established positions, we are looking to tap into that same underserved tranche.”
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