What's Happening?
Ventis, a commercial and residential real estate Managing General Agent (MGA), has announced an expansion of its underwriting capability by increasing its line size to £70 million per building or asset. This development, revealed on August 20, 2025, positions Ventis to write single properties at one of the largest capacity levels available in the MGA market. Gareth Roberts, the chief executive of Ventis, emphasized that this capacity uplift is a direct response to feedback from brokers and their clients who require higher coverage limits to protect their properties adequately. The move is seen as a vote of confidence from Ventis' capacity providers, indicating trust in the MGA's ability to write policies at this higher limit.
Why It's Important?
The increase in capacity limit is significant for brokers and their clients, as it provides them with the ability to secure higher coverage for their properties, which is crucial in the current real estate market. This expansion strengthens Ventis' position as a leading insurance partner, enhancing its competitiveness in the mid-market space. By offering one of the largest capacities in the MGA market, Ventis can attract more brokers and clients, potentially increasing its market share. The move also reflects a broader trend in the insurance industry where MGAs are seeking to provide more comprehensive coverage options to meet the evolving needs of their clients.
What's Next?
Ventis plans to continue its expansion in the mid-market space, having recently launched on the eTrading platform Acturis. This platform provides brokers with wider access to Ventis' property proposition, facilitating easier and faster decision-making processes. The MGA aims to maintain straightforward underwriting processes despite the increased capacity, ensuring that brokers can efficiently secure the necessary coverage for their clients. As Ventis strengthens its partnerships with brokers, it is likely to explore further opportunities to expand its offerings and enhance its market presence.
Beyond the Headlines
The expansion of Ventis' capacity limit may have broader implications for the insurance industry, particularly in the MGA sector. It could prompt other MGAs to reassess their capacity limits and coverage offerings to remain competitive. Additionally, this move highlights the importance of broker feedback in shaping insurance products and services, emphasizing the need for MGAs to maintain strong relationships with their broker partners.
