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domusIQ launches UK MGA to underwrite property and liability risks
The UK MGA began underwriting on August 1 with secured A-rated capacity of £25 million for property and £10 million for liability and casualty.
Commercial real estate analytics platform domusIQ has launched a global insurance operation and started underwriting through a new UK managing general agent, branded domusIQ MGA (UK). According to Coverager, the MGA, hosted on the Davies MGA Services platform, began underwriting on August 1.
The business has secured A-rated capacity of £25 million for property and £10 million for liability and casualty through Bridgehaven’s hybrid fronting model. Coverager reports the MGA will target commercial real estate, residential and commercial property owners, and commercial combined risks.
domusIQ will offer property and liability coverage along with lines including cyber, political violence, terrorism, embedded insurance, captive solutions, and crisis management. The firm said it plans to use data collected from connected building systems to support underwriting, risk monitoring, and loss prevention.
Coverager also said domusIQ intends to establish additional insurance businesses in the US, Europe, Bermuda, and other markets. The insurance operation will be led by Donald Harrell, while Jordan Moss, formerly of Lockton, will lead the UK MGA.