The British Insurance Brokers’ Association (BIBA) has appointed Acrisure UK as the provider of its Latent Defects Insurance (LDI) Scheme.
The scheme gives BIBA members access to specialist latent defects insurance and structural warranty solutions for residential and commercial developments across the UK. Delivered through Acrisure UK’s specialist construction team, the scheme supports a broad range of development types and structural risks.
BIBA members will have access to a panel of insurers, helping them source appropriate structural warranty solutions for their clients across residential and commercial projects.
Acrisure UK’s construction specialists will also provide dedicated account management, providing a single point of contact throughout the placement process. The team will work with BIBA members to help navigate technical underwriting requirements and identify suitable solutions for individual developments.
Mike Hallam, BIBA Head of Technical Services, said: “LDI requires specialist knowledge and expertise, making access to the right market particularly important. We believe this scheme will be a valuable resource for members supporting commercial and private customers alike with their building development needs.”
Andrew Boyce, CEO, Acrisure UK Retail, said: “We are delighted that BIBA has appointed Acrisure UK as the provider of its Latent Defects Insurance Scheme and we look forward to supporting its broker membership through our new proposition.
“Structural warranties can be a complex area for brokers and developers, particularly as the requirements of different projects, lenders and insurers continue to evolve. Our aim through the BIBA scheme is to make it easier for brokers to access specialist expertise and a broad range of insurer capacity across residential and commercial developments.
“Our team will work closely with BIBA members from the initial enquiry through to project completion, providing responsive, specialist support throughout the process.”
The appointment reflects BIBA’s continued focus on providing members with access to specialist insurance solutions and expert support across a range of client risks.
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Notes to editors
- For further information please contact:
BIBA press office:
Pam Quinn, Head of Communications
07562 616686
[email protected]
Leighann Forsyth, Deputy Head of Communications
07917 738727
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- About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes more than 1,700 regulated firms, employing over 130,000 people across the UK.
General insurance brokers contribute £26.1bn to the UK economy and arrange £150bn of general insurance premiums – over 5% of UK GDP.
Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.
BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.
A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, it connects clients with personalized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, real estate services – and beyond. Since 2013, Acrisure has grown in revenue from $38 million to ~$5 billion and employs ~20,000 colleagues in 19 countries. And this is just the beginning. To learn more, visit Acrisure.com.
Acrisure UK Retail is the UK retail broking platform of Acrisure and has expanded rapidly since entering the market in 2022. The business has developed a connected broking model, offering a broad range of specialist commercial insurance solutions for small and medium-sized enterprises and individuals.
Acrisure UK Retail includes: Acrisure UK Broking, the Eleven Network (its Appointed Representative network), alongside its core MGA, Sutton Specialist Risks, which includes 2Vision and Confidas.
The business employs more than 800 colleagues nationwide and serves clients through offices across four regions: the South, Midlands, North of England, and Scotland. Acrisure UK Retail also supports a range of community and sports partnerships, including its role as official insurance partner to Nottinghamshire County Cricket Club and shirt sponsor of its women’s team, The Blaze.
To learn more, visit Acrisure.co.uk
