£300m deal for insurance firm

Mark Dutton, director of W Denis Insurance
Mark Dutton, director of W Denis Insurance
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A LEEDS firm is set to reap the rewards after being chosen to work for a leading provider of home warranty insurance.

Leeds-based W Denis Insurance Brokers, located at Brigade House on Kirkstall Road, has been selected to act as broker for MD Insurance Services of Birkenhead in Merseyside.

The value of the contract is estimated at more than £300m in premium over the next five years.

W Denis Insurance has brokered new binding authority contracts which comprise 19 schemes in all for MD Insurance Services, including Premier Guarantee, LABC New Home Warranty, Association of Underpinning Contractors DIG Scheme and others.

All of the insurance schemes are underwritten by AmTrust Europe, which is based in Lloyd’s of London.

The new deal includes an exclusive, multi-year, multi-national programme to provide latent defects insurance on residential and commercial property in the UK, Spain and Cyprus.

Mark Dutton, director of W Denis Insurance Brokers, said: “Our client already provides 10 year insurance warranties to approximately 1/3 of the new homes market in the UK and is itself a triple winner of the Sunday Times Fastrack 100.

“Through this new partnership and combined with an initiative to extend the range of products offered to property developers, builders and their customers, we have plans to significantly grow market share and expand into new foreign territories.”

W Denis Insurance Brokers Plc is one of the largest independent insurance brokers in the United Kingdom and was formed in 1963.

It also has a London office.