It was in April this year when R&Q Commercial Risk Services (R&Q CRS) was sold to Stride Ltd, the property underwriting business acquired by the Lloyd & Whyte Group in January 2020. A rebranded entity, with two key areas of specialisms, has now been announced.
“Borne out of the acquisitions of Stride Ltd and R&Q CRS,” is how Mi Specialty describes itself. The chartered underwriting agent is made up of two divisions – Mi Commercial Risks and Mi Property.
Mi Commercial Risks is led by managing director James Wheddon, who served in the same capacity at R&Q CRS. The AXA alumnus came onboard the predecessor company in 2010.
Stride managing director Richard Lovegrove, meanwhile, is listed as Mi Property’s non-executive director. Mi Property is a trading name of Stride Ltd, while Mi Commercial Risks is a Stride appointed representative.
On its LinkedIn page, Mi Specialty said, “Brokers have direct access to our knowledgeable and experienced underwriting teams in London, Birmingham, Manchester, Bournemouth, and Portsmouth.
“We have our own online delegated authority platform, Mi Binder, to support brokers. Mi Binder is available 24/7 and takes away for brokers all the complexity and hassle traditionally associated with running delegated authority facilities.”