First Underwriting eyes £130m GWP
The MGA is also looking to expand into fresh product lines following its £1bn capacity deal with Accredited.
First Underwriting, which is part of Kingfisher, is planning to increase its gross written premium by 30% over the next year.
Tom Donachie, managing director of First Underwriting, told Insurance Age that the MGA’s current GWP was £100m and is seeking £130m over the next 12 months.
“At the end of last year, we were around £100m GWP, and we have a diverse book but we’re still at about 60% motor, so still motor dominant.”
“When we were set up [in 2018], we focused on writing motor but we’ve
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