What's Happening?
Ventis, a commercial and residential real estate MGA, has increased its underwriting capacity to £70 million per building or asset, marking one of the largest capacity levels in the MGA market. This expansion aims to benefit brokers and their clients by providing higher coverage limits for property protection. Ventis CEO Gareth Roberts emphasized the importance of broker partnerships and the company's commitment to meeting client needs. The capacity increase is supported by Ventis' insurer partners, reflecting confidence in the MGA's ability to manage higher policy limits.
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Why It's Important?
The capacity expansion by Ventis represents a strategic move to strengthen its position in the mid-market space, offering enhanced insurance solutions to brokers and clients. This development could lead to increased competitiveness in the MGA market, as Ventis provides coverage options that may have been previously unavailable. The move also highlights the importance of broker relationships in the insurance industry, as Ventis seeks to address the evolving needs of its clients.
