London-based specialist underwriting agency First Underwriting has rolled out its real estate proposition led by real estate head Graham Bailey.
First Underwriting noted when it made the announcement: “We have a wide-ranging appetite for commercial and residential real estate business that includes but is not limited to the following risk types: purpose-built offices; purpose-built retail – high street (including residential above), shopping centres, and out-of-town retail parks; light industrial/manufacturing/warehousing; medium industrial/manufacturing/warehousing; purpose-built hotels; long leasehold, purpose-built, concrete-floored, blocks of flats; [and] mixed residential/commercial portfolios.”
Features of the offering include capacity up to £50 million total sum insured per location, all risks’ material damage cover for buildings and landlords’ contents, and property owners’ liability up to a £10 million limit of indemnity.
“We encourage our brokers to talk to us about those risks that need some flexibility as we are able to provide bespoke solutions,” the agency went on to highlight.
Part of Kingfisher UK Holdings, First Underwriting is partnered with Accredited Insurance Europe Limited (AIEL), the underwriting programme of which is supported by A-rated insurance.
