What's Happening?
Ventis, a commercial and residential real estate managing general agent (MGA), has announced an increase in its underwriting capacity, allowing it to write policies up to £70m per building or asset. This expansion, effective from August 20, 2025, positions Ventis as one of the leading MGAs in terms of capacity in the market. Gareth Roberts, the chief executive of Ventis, emphasized that this move is a direct response to feedback from brokers and clients who require higher coverage limits to protect their properties adequately. The increase in capacity is seen as a vote of confidence from Ventis' insurer partners, signaling strengthened support and trust in Ventis' ability to manage larger policies.
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Why It's Important?
The expansion of Ventis' capacity limit is significant for brokers and their clients, offering them greater flexibility and security in property insurance. This move could potentially shift the dynamics in the MGA market, as Ventis now offers one of the largest capacity limits available. It reflects a growing demand for higher coverage limits in the real estate sector, driven by increasing property values and risks. The decision also highlights the importance of strong partnerships between MGAs and insurers, as Ventis' ability to offer higher limits is backed by its insurer partners. This development may encourage other MGAs to reassess their capacity limits and strengthen their insurer relationships.
What's Next?
Ventis plans to continue expanding its footprint in the mid-market space, leveraging platforms like Acturis to provide brokers with wider access to its property insurance offerings. The company aims to maintain straightforward underwriting processes despite the increased capacity, ensuring fast decision-making for brokers and clients. As Ventis strengthens its position in the market, other MGAs may follow suit, potentially leading to increased competition and innovation in the sector.
