Broker and underwriting agency Yutree has extended its relationship with insurer Peach in the shape of a new property owners binder that builds on the one put in place two years ago. The binder seeks to support brokers who need to place cover quickly or are trying to place risks that do not match e-trade or mainstream market appetites.

Laura Hancock, managing director of Yutree, said: “When we were looking for capacity for our original property binder at very short notice, Peach really stepped up to the challenge. They responded quickly to our needs and the team was extremely supportive. Since then, the relationship has gone from strength to strength.

“Peach really understands what we are trying to achieve and, thanks to regular conversations about the business and how we can push the parameters, we identified the scope for collaborating on the property owners binder.”

Ryan Bendelow (pictrured), director of commercial at Peach, added: “As a niche insurer, we are open to providing capacity for products which can fall through the gaps in terms of not fitting the insurer e-trade model but not being seen as big enough for a delegated arrangement by the larger players.

“We, like Yutree, believe that certain markets are underserved and that we have the experience, flexibility and agility to provide a valuable service to brokers with customers finding themselves in this position.”