Real Estate Insurance
Our underwriting team has over 65 years’ experience within the Real Estate sector and use their expertise to deliver a solution-based, customer focused approach that supports your clients in the management of all aspects of their risks, be this a stand-alone placement or multi-location portfolio.
About Real Estate Insurance
We have a wide-ranging appetite for UK domiciled Commercial and Residential Real Estate business that includes but is not limited to the following risk types that we are actively seeking to write in isolation and as part of a portfolio:
- Offices – preferably purpose built
- Retail, preferably purpose built – high street (including residential above), shopping centres and out of town retail parks
- Industrial/Manufacturing/Warehousing
- Hotels, preferably purpose built
- Residential Flats, preferably purpose built and concrete floored
- Structured placements such as Co-Insurance (lead and follow) and Excess of Loss
Comprehensive Cover
Comprehensive Cover including as standard:
- Risks up to £60m Total Sum Insured
- ‘All Risk’ Material Damage cover for Buildings and Landlords’ Contents
- Loss of Rent/Alternative Accommodation
- Property Owners’ Liability up to a £10m limit of indemnity
- Employers’ Liability £10m limit of indemnity
Why Choose Us?
We have a specialist Real Estate divsion that offers:
- Dedicated account underwriters empowered to make decisions
- A-rated capacity
- Commission flexibility
- Dedicated real estate survey and risk management proposition
- Pricing and trading flexibility including – longer term stability deals to demonstrate sustainability, flexibile tenant premium apportionment, risk management and valuation funding available, profit shares and low claims rebates
Why choose First Underwriting?
- We provide our broker partners with direct access to decision makers – so you can get an answer quickly
- We only focus on specialist and niche sectors – so we really know our stuff
- We are agile and can adapt to your changing needs – there’s no red tape here
- We are committed to helping our broker partners succeed – after all, what’s good for your business is good for our business
- We enjoy speaking to brokers about the products that we love, and we’re always ready to take your call
- We know it’s important to look after your customers in the event of a claim – so we provide a bespoke claims service for each individual product.
Our Financial Strength
First Underwriting were established in 2018 as a highly specialised and niche underwriting business. Our UK parent company is NSM UK Holdings, who are a UK division of Ignyte Insurance – a leading specialist insurance provider in the USA, with over 1m clients and over $1bn in premiums.
We have a long-term agreement and partnership with our underwriting partners Accredited Insurance Europe Limited (AIEL).
AIEL are owned by Onex Partners, who have offices in North America and Europe and are listed on the Toronto Stock Exchange (ONEX).
A Rated Insurers
AIEL’s credentials:
- AIEL are rated as A- with a “stable” outlook by A M Best
- AEIL trade through a UK branch which has been approved by the Prudential Regulatory Authority.
- Their underwriting programme is supported by A-rated insurance, provided by some of the largest and most secure insurers and reinsurers in the world
- All policies underwritten by AEIL are backed by the UK Financial Services Compensation Scheme
Speak To Us Today
Our team is always ready to speak to you about your specialist insurance needs, particular those risks which are unusual or hard to place. You can contact them directly using the details below.
Dom Kelly – Head of Real Estate Distribution
dom.kelly@firstuw.com
Chris Benstead – Head of Real Estate Underwriting
chris.benstead@firstuw.com
Chelsey Schooling – Senior Underwriter
chelsey.schooling@firstuw.com
Huw Turner – Underwriter
huw.turner@firstuw.com
Other Products
We have an extensive range of specialist insurance products which are available to our broker partners. First Underwriting continually enhance and develop our product range, in partnership with brokers, to ensure that they are relevant and meet the needs of brokers’ customers. All of our products are underpinned by sustainable pricing coupled with excellent service from experienced underwriters and a first class claims service.
