London-headquartered Devonshire Underwriting, which consists of Devonshire UW Limited and its affiliate Devonshire UW Europe GmbH, has officially expanded into the European market after being granted approval by Lloyd’s.
Launched in the UK in April, the transactional risk (TR) managing general agent can now extend its services to the Nordics, Germany, France, Spain, Benelux, Poland, Italy, and countries in Central and Eastern Europe.
Founded by partners Natasha Attray, James Dodd, James Fletcher, and Charles Turnham (all pictured above), Devonshire specialises in warranty & indemnity (W&I) insurance, tax Insurance, and contingency insurance. The four founders bring a combined three decades of transactional liability underwriting experience and more than 15 years of professional experience in law and tax.
The MGA will focus on sectors such as infrastructure, technology, logistics, healthcare, and financial services for large transactions. Devonshire is anticipating numerous significant deals throughout the year and is already engaging in preliminary discussions to leverage its extensive expertise and network to support these deals.
Attray commented: “It’s great news to have the green light from Lloyd’s to proceed with our European growth plans. We are excited about the market opportunities in Europe and are in the process of expanding our underwriting team to meet the anticipated demand.”
Dodd added: “With macroeconomic stability returning to Europe, conditions for transactions are improving, creating an ideal environment for our services. We are well-positioned to support this resurgence in both deal activity and tax, W&I, and contingency risk transfer.”
Fletcher, meanwhile, expressed gratitude, saying: “We would like to thank Lloyd’s and Pro MGA Global Solutions for their approval and support, as well as our insurance and broker partners. Their confidence in our vision and capabilities has been instrumental in our launch, and we are dedicated to delivering on our growth plans.”
Turnham noted: “The European market presents significant opportunities for innovative TR solutions. Our team’s deep expertise and responsive approach will enable us to capitalise on these opportunities and provide exceptional service to our clients. We look forward to working with our network across Europe to support some of the most significant transactions in the pipeline.”
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