Q Underwriting – A Year in Review, 2019
Authored by Stuart Webb, Managing Director, Q Underwriting
Wondering how a brand-new MGA spends their first year in existence? Read on…
Q Underwriting opened its doors on 1 January 2019 as the home for three long-standing, specialist underwriting businesses. We united Thistle Underwriting, TFP Schemes and aQmen Underwriting, all as Part of Q. At the same time, we recruited Damian Cannings as Property Underwriting Leader and launched a small, niche property underwriting team – Q Property. We swiftly grew from three to four brands before we’d even got started!
While each of our teams continue to operate under their existing brands, Q Underwriting is already becoming the dominant brand and will continue to become more prominent as 2020 progresses – a change which has seen positive reception from brokers, insurers and the wider market.
We didn’t stop growing after the launch of Q Property and have recently been joined by Chief Underwriting Officer, Matthew Schofield, who runs the newly formed MGU. In addition, Christian Burton was appointed Head of Sales and Distribution – our first central sales role; speaking of which, our Sales and Marketing function is now operates out of our new office in Chelmsford.
Our first year was even further improved when ‘The Launch of Q Underwriting’ was announced as a finalist for the MGA Initiative of the Year at the Insurance Times awards. We didn’t bring the trophy home, but the benefits of launching Q Underwriting for brokers and insurers was clear; our common Q Underwriting TOBA provides all our brokers, with direct access to over 25 niche commercial lines products, all backed by A rated insurers.
Finally, 2019 has seen Q welcome our third broker with a £1m+ (Gross Written Premium) account; the exclusive ‘million-pound club’ is growing and there are even more brokers targeting membership in 2020.
Keep an eye out for Christian Burton’s article talking about what we are looking forward to in 2020.
Here’s to another year of success with our broker and insurer partners!
If you would like to talk to Q Underwriting, CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on
Specialist MGA providing quality products for niche commercial markets
Q Underwriting is a specialist underwriter, providing over 25 niche commercial lines products – all backed by A rated insurers. Our specialisms include construction, tradesmen and liability; charities, faith and recruitment; public and private hire, fleet and motor trade; and non-standard property. All our products are underwritten in-house by our experienced team.
Q Underwriting is a robust and reliable partner for brokers and insurers; we’re backed by The Carlyle Group, one of the world’s largest private equity firms. We write £95m of premium under delegated underwriting authority from several A rated insurers and our team of over 135 people support a nationwide network of brokers.
We are focused on providing excellent service and supporting brokers’ growth. In trading terms, we offer the best of both worlds: brokers have direct access to our experienced underwriters as well as a quick and easy to use broker portal – Qtrade – which houses all the products available from Q Underwriting in one place.
aQmen Underwriting, Cobra Underwriting Agencies, Online Risk Solutions, Q Property, TFP Schemes, Thistle Underwriting are part of Q Underwriting.