A message from Folgate CEO, Ian Russell
First and foremost, I would like to take this opportunity to thank all of our brokers that have supported us throughout 2024.
Secondly, I am delighted to say that we are still a 100% privately owned MGA, and we are proud to remain independent.
An overview of 2024
What a year 2024 has been, with the largest transition in our groups’ history. See below some of the highlights from throughout the year:
- Folgate Insurance Company Ltd was acquired by Hadron Specialty, a global A rated Insurer.
- APC was rebranded to Folgate Underwriting Agency Ltd T/A Folgate Underwriting (FUAL).
- Two new members joined our board of Directors as CFO & COO.
- Jordan Perry joined as Real Estate CUO from Allied World.
- Craig Miller joined as Liability CUO From Dual.
Significant underwriting changes in 2024
- Our Property line size increased to £45,000,000.
- The new Real Estate product was born, catering for Landlords and Property Owners up to £45,000,000.
- Our Professional Indemnity line size was increased to £15,000,000.
- Our Liability Line Size increased to £45,000,000 for EL, PL & Products.
- Our Primary PI offering increased capacity to members of ICA and RICS.
- Our new Hotels & Guest Houses Product was launched.
What’s to come in 2025?
2025 will be our 32nd anniversary, and will be a significant year for FUAL with lots of exciting developments in the pipeline, including:
- New product launches (some of which will be available to our brokers trading on Acturis).
- Enhanced product releases.
- Returning to BIBA 2025.
Thank you for your incredible support and collaboration in 2024. Together, we’ve built a foundation for even greater success in the future — here’s to a prosperous and impactful 2025!