Blagrove Underwriting Agency Ltd (BUA) has been operating on the fringes of the UK fleet market for almost ten years, underwriting on behalf of insurance companies, but only in a small way. It is part of the same stable as Direct Fleet Insurance Services Ltd (DFI) which was launched in 2007 as the UK’s first online trading platform for brokers and insurers to transact the placement of fleet insurance over the internet. DFI offers the products of 8 insurance companies to over 300 brokers who put over 100 fleets a week onto the site.
The UK fleet market is changing. Underwriters are being replaced with rating engines - underwriting is being automated. Whilst this is a good development for the efficiency and cost saving of insurers, it takes away the flexibility often required in this most difficult class of UK commercial insurance. We believe in technology and efficiency, but we also believe that brokers and their clients need more than a price - they need a service and a product to suit their needs precisely.
BUA launched its new underwriting facility in December 2017 with the backing of Accredited Insurance (Europe) Ltd (AIEL). AIEL is owned by the Randall & Quilter Group of companies and carries an A- AM Best Rating. We are also supported by Transatlantic Reinsurance (London) Ltd who are A+ rated by all the leading rating agencies.
BUA underwrites across a broad spectrum of fleet risks from Haulage to SME mini-fleet. Our approach is to look at each risk on its merits and to offer the best possible price with the best possible claims service. Our distinguishing feature will be our service and our willingness to be flexible when required. As a small insurer, we can offer these rare qualities to our brokers and clients - but because we are supported by financially strong companies, we can compete with the larger insurers without fear.
We operate our own claims service so brokers and clients have only one point of contact - and you will be in the hands of a very experienced and knowledgeable team from the outset of the claim.
Insurance is a “people’s business” and we believe we have the right people to serve our brokers and clients in the way they would expect to be served and supported.