Business

Hoxton Insurance MGA launches for high net worth sector

Launched by NuVenture, Hoxton insurance will be supported by capacity from leading specialist insurer Hiscox

Hoxton Insurance Services, a new MGA trading exclusively through brokers, has been launched by MGA specialist NuVenture International Ltd.

Focusing on mid and high net worth personal lines insurance in the UK, Hoxton Insurance Services will offer protection for homes, possessions, fine art, valuables, cars, travel and investment properties.

NuVenture said Its digital proposition provides clients with a single policy covering all selected insurance products, a simplified quote and buy journey, full lifecycle policy management and a web-based trading platform for brokers.

Supported by capacity from leading specialist insurer Hiscox, Hoxton Insurance Services has “digitised and automated the underwriting process to simplify data input, shorten question sets and help reduce the risks of under-insurance”.

Justin Gott, managing director at Hoxton Insurance Services, said: “Hoxton Insurance Services delivers an elegant digital solution for brokers and their clients, and aims to improve on every stage of the insurance process — from placement through to renewal and claims. We want to reinvent the broker and client experience for Mid and High Net Worth personal lines business.

“With capacity provided by leading specialist insurer Hiscox, our innovative proposition is sold exclusively through brokers and gives them the opportunity to develop their personal lines business with modern technology, excellent products and great service.”

He added: “Clients benefit from all their insurance needs being consolidated under a single policy with a single renewal date, a light-touch renewal process and an interest free, monthly direct debit payment plan.”

Andy Colbran, CEO at NuVenture, said: “Hoxton Insurance Services is the first MGA launched under the NuVenture banner and sets the standard for the digital transformation NuVenture is to be known for.

“In addition to offering quality personal lines insurance, Hoxton Insurance Services responds to the needs of all stakeholders, including brokers looking for fresh, new options and capacity providers.”

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