’Our book is growing off the back of our willingness to run toward the risks that the rest of the industry won’t,’ says chief underwriting officer
MGA Aspect has widened its underwriting capabilities to expand its offering to brokers.
The firm said it can now underwrite property risks with a line size of up to £19m, an increase on the £3m limit seen at launch in 2023.
Additionally, Aspect now has a combined offering, with property owners’ liability also available in the UK and Ireland and EL/PL products coming next month.
This comes after the MGA reached almost £25m in gross written premium (GWP) in 2024 and inked several capacity deals.
New website
Aspect revealed the changes at the Managing General Agents Association (MGAA) Broker Exchange in London earlier this week (11 February 2025).
Read: London-based MGA announces £420m capacity deal with QBE
Read: UK-based tradespeople MGA inks new capacity deal as it looks to ‘scale operations’
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It also launched a new website to strengthen its brand as it looks to become “the go-to player for brokers with high-hazard mid-market business”.
Oli Williamson, co-founder and chief underwriting officer at Aspect, said: “Our book is growing off the back of our willingness to run toward the risks that the rest of the industry won’t and back the many thousands of mid-market customers out there working in high-risk sectors and lacking the comprehensive cover they need to succeed and drive economic growth across the UK and Europe.
“With our refreshed brand, we’re signalling our ambition to become the MGA of choice for high-hazard mid-market businesses and offer a streamlined, service-focussed approach to underwriting that judges each risk on its merits, which is currently missing from the market.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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