National ‘Five Star MGA’ Rating awarded for a third year

7th June 2024

Reoccurring accolade from Insurance Business magazine solely voted for by Brokers

Renovation Underwriting, the MGA that offers specialist renovation capacity and expertise, has today been announced as a 5-Star MGA in the ‘IBUK 5-Star Brokers on MGA 2024 report’.

The report is published by Insurance Business Magazine – the world’s leading independent insurance publisher, as part of its wider 5-Star Awards series. The programme recognises outstanding service and products in the insurance sector; with winners determined from a survey of brokers nationwide.

MGAs are evaluated directly by brokers on various criteria in the survey, including their ability to handle niche or emerging risks, compensation, geographical reach, marketing support, responsiveness, pricing, product range, reputation, technical expertise, product knowledge, and technology and automation.

Renovation Underwriting is one of only seven MGA’s awarded a 5-Star rating by Brokers this year. As well as the overarching ‘5-Star’ status, Renovation Underwriting was also awarded a gold medal for the Private Client category specifically.

As an accolade awarded for the third consecutive year and solely voted for by brokers, this flagship recognition reiterates the continuing strength of RU’s broker approach and impact.

RU’s Managing Director, Douglas Brown, comments on receiving the award:
“It’s so important that brokers to have the certainty that the advice they receive and pass on to their clients is of the highest standard – and we’re constantly evolving to ensure that’s what we deliver in our specialist area. That’s why we’ve continued to invest in our Underwriting and Distribution teams this year to further support our brokers across the country. For them to recognise our approach and impact in this survey – resulting in a new 5-Star accolade again – means a huge deal to us. Thank you to them all as ever – we’ll continue to do all we can to deliver better for brokers and their end clients undergoing renovations.”

Chris Sweeney, Managing Editor for Special Reports at Insurance Business UK shares his insights on the selection process: “The nation’s broking community shared its expert insight to determine the MGAs who lead the industry. Renovation Underwriting Limited is one of those select firms who are trusted, reliable and innovative, therefore enabling brokers to deliver consistently for their clients.”

The full list of ‘Brokers on MGA’s’ winners is published on the Insurance Business UK website – and will also be featured on the publication’s stand at BIBA 2024.

Renovation Underwriting will also be sharing news of this new award win on its own stand at BIBA 2024. This year’s BIBA stand (D76) will see Renovation Underwriting showcase how creativity sits at the heart of its contract works approach, and encourage continued creativity in the profession.

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  • Author : Jess Norman
  • 7th June 2024