Thomas Miller Specialty Construction has partnered with Aviva, allowing the former to enter the latent defect line of business.
The partnership, which is slated to run for three years, will provide additional capacity for Thomas Miller Specialty Construction’s new offering, targeted at commercial developers operating in the UK mixed-use development market. With the partnership off the ground, Thomas Miller Specialty is now available for binding quotations for latent defect cover.
“Aviva committing to support Thomas Miller Specialty Construction is a genuinely exciting addition to our MGA,” said Bernt Hellman, chief underwriting officer of Thomas Miller Specialty. “Aviva is a financially strong partner, and together, we are setting the foundation for a long-term offering in the latent defects market for commercial developers delivering mixed-use properties. In introducing another blue-chip underwriting partner, we have an attractive underwriting platform with first- class systems, framework and compliance as well as state-of-the-art management information. This provides our underwriters with the right tools to make the right decisions and gives our underwriting partners full transparency and risk appetite alignment.”
Thomas Miller Specialty established its construction business in July, utilising the expertise built up within the group’s existing businesses.
“Aviva has provided a lead insurance proposition for latent defects in the UK for over 30 years,” said Matthew Gordon, chief underwriting officer of Aviva Specialty. “This partnership with Thomas Miller allows us to further build on our market-leading position in commercial latent defects by supporting valued property investor/developer clients more broadly and providing a strong solution for mixed-use properties in response to demand from our key brokers.”
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