Devonshire Officially Launches, Specialising in Transactional Risk Solutions
Devonshire Officially Launches, Specialising in Transactional Risk Solutions
London-based Managing General Agent (MGA) Devonshire has formally announced its market debut, focusing on underwriting transactional risk solutions.

The company, led by four founders and partners – Natasha Attray, James Dodd, James Fletcher, and Charles Turnham – boasts a cumulative 30 years of transactional liability underwriting expertise, complemented by over 15 years of professional experience in law and tax.

Backed by Lloyd’s and a panel of A-rated insurance capacity providers, Devonshire aims to cater to the needs of various entities including brokers, corporates, private equity firms, professional advisers, and specialised investors. The company’s offerings primarily encompass Warranty & Indemnity and Tax and Contingency Insurance solutions, with an automatic per-risk line size deployment of up to €35 million.

B.P. Marsh & Partners PLC, a specialist private equity investor in early-stage financial services businesses, has provided backing to Devonshire. With its headquarters situated in London, the company is poised to underwrite transactions not only in the UK but also across Europe, the Middle East, Africa, Asia, South America, Central America, Australasia, and beyond.

“We are pleased to be making this investment in Devonshire, founded by an experienced team of specialists. We are looking forward to working with the team, to enable Devonshire to deliver on their business plan over the coming years,” said Dan Topping, Chief Investment Officer of B.P. Marsh.

“We are incredibly proud to launch Devonshire and believe we will distinguish ourselves through our collective blend of experience and technical expertise with over 30 years of experience in this market. We believe that our proven execution capability and entrepreneurial approach will allow us to offer our clients and brokers an exciting and fresh source of TR solutions.” – Natasha Attray, Partner, Devonshire.

“Our aspiration is to be a market-leading, trusted TR underwriter focusing on challenging legal risks, respected for our deep expertise and execution record, and valued as a key strategic partner for our brokers and clients,” said James Dodd, Partner, Devonshire.”

He continued: ”Through our agile structure, experience and subject-matter expertise, we believe that we are ideally placed to deliver reliable, responsive solutions for the most demanding TR insurance requirements.

James Fletcher, Partner, Devonshire. Also commented, saying:  “There is strong momentum in the TR market as a result of many years of resilient M&A activity and a significant upward trajectory in the use of TR products. We are seeing a clear demand for a fresh approach to underwriting and bespoke service as the TR market and the applications of the products continue to evolve. We have strong relationships with brokers across all major jurisdictions and the team incorporates all of the key professional disciplines required for strong underwriting performance within W&I, Tax and Contingency.” – 

Charles Turnham, Partner, Devonshire. concluded:  “At the heart of our business is our ability to demonstrate a responsive, pragmatic approach to broker and client management, policy negotiations and deal timetables which are often extremely tight.”

He added: “This is particularly important in the fast-paced TR market where swift and efficient decision-making is crucial to ensure effective and positive outcomes for brokers and clients. We are particularly excited to be working in partnership with our investor B.P. Marsh and our insurers.”

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