New MGA specialising in transactional risk solutions launches

A managing general agent (MGA) specialising in underwriting transactional risk has announced its market launch.

Called Devonshire Underwriting, the firm will offer large legal risk deal solutions for brokers, corporates, private equity firms, professional advisers and other specialist investors.

Products included in the MGA’s portfolio include warranty and indemnity, tax and contingency insurance.

The firm, which is based in London, will be led by its four founders and partners – Natasha Attray, James Dodd, James Fletcher and Charles Turnham.

“We are incredibly proud to launch Devonshire and believe we will distinguish ourselves through our collective blend of experience and technical expertise with over 30 years of experience in this market,” Attray said.

“We believe that our proven execution capability and entrepreneurial approach will allow us to offer our clients and brokers an exciting and fresh source of TR solutions.”

Backing

The MGA is backed by Lloyd’s, as well as a panel of A-rated insurance capacity providers, and can underwrite transactions in the UK, Europe, Middle East, Africa, Asia, South America, Central America and Australasia.

To help with its growth journey, the firm has also received backing from private equity investor B.P. Marsh and Partners PLC.

Dan Topping, chief investment officer of B.P. Marsh, said: “We are pleased to be making this investment in Devonshire, founded by an experienced team of specialists.

“We are looking forward to working with the team, to enable Devonshire to deliver on their business plan over the coming years.”