Q Underwriting – A Year in Review, 2019

Stuart-Webb,-Managing-Director,-Q-Underwriting

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!

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