Real Estate MGA Ventis launches in Ireland

Ventis, the London-based commercial and residential property management general agent, has expanded into Ireland, continuing its mission to provide service and capability to broker clients in the underserved middle of the real estate market.

The Ventis capacity will be distributed through a partnership with Dublin-based specialist broker The Underwriting Exchange (TUE) as the exclusive distributor in the Republic of Ireland. Irish brokers will be able to access Ventis’ medium real estate risk capacity up to a total sum insured of €40 million ($44.7 million).

“Many brokers in the Irish property insurance market have struggled to find insurers who can provide quality service. In the nine months since launching Ventis, we have built a reputation in the UK as a firm that offers just that, and now we are bringing this proposition to the Irish market,” Gareth Roberts, CEO of Ventis, said in a statement.

“We believe there is a marked opportunity, made possible by access to TUE’s existing broker networks, to provide Ventis’ quality capacity and service to the mid-sized Irish real estate sector,” added Roberts.

“The addition of Ventis to TUE’s panel of underwriting partners will allow us to access the real estate market at a higher level than we have previously covered,” commented Stephen O’Connor, president of Specialist Risk Europe, which is the platform for European operations in London . Risk Group specialist in broker and underwriter.

“We look forward to working closely with the Ventis team as an exclusive partner in this area to provide the best service for our broker partners and to strengthen our offering in the real estate sector,” added O’Connor.

Ventis Ireland will underwrite through its new presence in Dublin, where insurer Suchitra Ramakrishnan is based. Ventis said it aims to underwrite a wide range of SME and mid-sized property risks, focusing on standard risks overlooked by larger insurers.

London-based broker Specialist Risk Europe Ltd. trades as The Underwriting Exchange (TUE), MX Underwriting Europe and LIME is regulated by the Central Bank of Ireland.

Source: Ventis

TOPICS
Wholesale insurance