Managing general agent First Underwriting has launched a real estate product offering capacity of up to £50m for the total sum insured per location. It also offers all risks material damage cover for buildings and landlords’ contents.

In a statement announcing the new product, First Underwriting said: “We have a wide-ranging appetite for commercial and residential real estate business.”

It said this included: purpose built offices, purpose built retail, light and medium industrial/manufacturing/warehousing and purpose built hotels. The MGA said it was also interested in mixed residential/commercial portfolios as well as blocks of flats.

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