Managing director admits it will be 'a bit of a stretch' to hit target

Maven Underwriters is seeking broker partners to help it hit £50m in premium income within three years.

Maven is part of AUM, the managing general agency arm of Aon. AUM Europe managing director Andy Colbran said Maven had gross written premium of £20m. “It’s going to be a bit of a stretch and will require a lot of new products, as well as expanding our network of brokers,” he said. “We are hoping the market will help us on our way.”

He said Maven had turned from loss- to profit-making in three years. The firm, which brought together Media Pro, ITMU and Trade Shield in June 2008, supplies the UK SME market with products such as IT equipment, commercial legal expenses and personal accident. Capacity providers include Zurich, Ecclesiastical and RSA.

Its underwriting and claims teams moved from London to Surrey last year. Colbran said its charities lines had been released last month, but more products were in the pipeline.