Bridgehaven Insurance, the UK’s leading hybrid front-end insurer, has entered into a strategic partnership with Alchemy Underwring, a newly established Managing General Agent (MGA) established in late 2022.
The two entities are pleased to announce a strategic partnership aimed at providing a variety of professional indemnity insurance solutions.
The synergy between Bridgehaven’s unique ability to facilitate exclusive partnerships between MGAs and reinsurers and Alchemy’s proficiency in formulating bespoke occupational risk insurance solutions in the UK is expected to deliver an innovative and comprehensive offering.
Together, they have successfully aligned significant capacity to meet the needs of insurers with both primary and excess loss products.
Paul Jewell, CEO of Bridgehaven Insurance, expressed the importance of this collaboration, saying: “This partnership between Bridgehaven and Alchemy is a significant milestone for both companies.”
He highlighted the launch of a dedicated Occupational Risk unit, led by industry veteran Ian Bowler, with Richard Housley leading Alchemy Underwring.
Jewell emphasized the professional nature and high experience of the joint team and commitment to supporting their ambitions.
Richard Housley, CEO of Alchemy Underwring, added: “With over 30 years’ experience in professional risk, Ian has an outstanding reputation in the market.”
He stressed that the collaboration with Bridgehaven represents a crucial development in expanding the scope of their professional indemnity solutions.
Bridgehaven, which debuted in July 2023 as the UK’s first leading risk insurer in commercial and specialty lines, aims to create a strong insurance chain free of weak links.
The company’s vision includes fostering exclusive partnerships with MGAs and high-quality reinsurers to accelerate innovation and create a transparent environment for data sharing. The focus is on long-term performance and promoting a cohesive, confident and effective insurance system.
