Devonshire Receives Approval From LLoyd’s to Operate in Europe
Devonshire Receives Approval From LLoyd’s to Operate in Europe
Devonshire Underwriting, an MGA has announced it has received approval from Lloyd’s to write business and to officially launch in Europe.

Devonshire Underwriting can now serve key European markets including the Nordics, Benelux and Iberian Peninsula. These have well-established M&A environments and substantial TR risk activity. Further, these markets are seeing increased demand for Tax and Contingent classes.

Devonshire is led by four partners Natasha Attray, James Dodd, James Fletcher, and Charles Turnham (main image) who bring 30 years of transactional liability underwriting experience and significant expertise in law and tax.

Devonshire’s key sectors will include infrastructure, technology, logistics, healthcare and  financial services. The team are in discussions to support transactions leveraging their extensive expertise.

The products include Warranty and Indemnity, Tax, and Contingency Insurance. There is a particular focus on streamlined, responsive underwriting.

Natasha Attray, Head of Tax, 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. More updates will follow as we continue to grow.”

James Dodd, Partner, Devonshire, 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.”

James Fletcher, Partner, Devonshire, said: “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.”

Finally Charles Turnham, Partner, Devonshire, reflected: “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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