URIS Group has acquired Lutine Assurance Services from Ardonagh Group, acquiring a book of approximately £5.5 million in gross written premium (GWP).
Lutine is a protection specialist providing group life (death in service) solutions to small-to-medium-sized enterprises (SMEs) and corporates, including group business protection such as key person, partnership and shareholder cover. The business operates exclusively via intermediaries as a Lloyd's coverholder, with capacity provided by Beazley and AXA XL. UGL aims to use its national broker relationships to expand Lutine's reach, positioning the brand as the group's platform for all protection-related business, rather than solely SME focussed solutions. The group also intends to ...
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