Policy Expert Debuts Co-insurance Arrangement, Welcoming Bridgehaven as Capacity Provider Alongside Accredited

Policy Expert, the award-winning home and motor insurance provider, is pleased to announce a two-year program management agreement with Bridgehaven, the hybrid fronting insurer connecting MGAs with long-term, diversified capacity. This agreement compliments the existing six-year program management agreement signed with Accredited, a leading global program manager.

The new co-insurance arrangement will see Bridgehaven work alongside Accredited, with the two carriers providing capacity equally. The addition of Bridgehaven supports Policy Expert with the diversified capacity required to support the launch of its pet product.

The agreement is expected to last until 2026. Targeted capacity to be provided by Bridgehaven over the period is expected to be £500m in gross written premium.  

This announcement follows another significant year of growth for Policy Expert in home and motor insurance. In September, the company secured new backing from international private equity firm Cinven to support its expansion plans and broader growth strategy.

In addition to this, the business recently reached 1.5 million customers and has grown new policy sales by 45% versus May 2021, while total policies have increased by 51% over the same period. Its total customer base has grown by more than 100,000 over the last year, and it has ranked first for new policy sales via price comparison websites in its core markets over the last 12 months¹.

Steve Hardy, Executive Chairman of Policy Expert, said:

 “We are so pleased to have Bridgehaven join Accredited in providing us with capacity for the next stage of growth. The addition of Bridgehaven alongside Accredited gives us a strong platform as we grow our existing products and launch into new product lines.”

Paul Jewell, Chief Executive Officer at Bridgehaven said:

“We are delighted to agree this multi-year deal that delivers Policy Expert with a firm foundation from which to launch growth initiatives.  Our market-leading hybrid-fronting model, financial strength supported by excellent rated reinsurers, provides our customers with certainty and transparency, allowing them to grow with confidence.” 

Stuart McMurdo, President of Accredited UK and Europe said:

“We are excited to be part of Policy Expert’s continued growth journey having been a capacity partner since 2022. Through this new co-insurance arrangement, we can further support Policy Expert’s existing market leading position as well as its future development within UK personal lines, including into new areas such as pet”.