Miles Smith Insurance Group

What Miles Smith Insurance Group does

Miles Smith Insurance Group is a UK-based Lloyd's broker specializing in the placement of difficult, distressed, and high-risk insurance risks that fall outside the appetite of composite insurers. Founded in 1925 and operating as a Lloyd's broker since 1936 (originally as Anderson & Game Limited), the company serves approximately 1,100 regional and retail broker partners and 5,300 unique policy holders through schemes/facilities and open market London Market placements. Core products include an exclusive High-Risk Liability facility (£20m EL / £50m PL with no height or depth restrictions underwritten by four Lloyd's markets), three in-house Professional Indemnity binder facilities covering 150+ business descriptions with up to £10m policy limits, specialist Motor Fleet schemes (placing £80m in annual GWP), and the UK's longest-running waste and recycling property facility.

The underlying technology consists of proprietary scheme wordings, exclusive binding authority arrangements, and Lloyd's/London Market access infrastructure developed over decades, rather than a software product. Distribution is exclusively wholesale B2B: brokers submit risks via proposal forms to a dedicated broker relationship management team, with revenue generated through transaction-based brokerage commissions. The company differentiates through domain specialization in verticals including construction (roofers, scaffolding, demolition, asbestos), waste and recycling, motor fleet (including hazardous goods and waste haulage), and professional services.

Miles Smith is one of four business units within Specialist Risk Group (SRG), alongside Specialist Risk Insurance Solutions, TUE (Irish Specialty Broking), Specialist Risk International, and MX (Specialty Underwriting). SRG was majority-owned by Pollen Street Capital from 2018, then sold in 2024 to a consortium of Warburg Pincus and Temasek, with stated intent to accelerate growth, expand specialist capabilities, and internationalize the platform. Miles Smith has 88 dedicated staff out of SRG's 900+ total headcount, is headquartered in London (138 Houndsditch, EC3A 7AW), is FCA-authorized (FRN: 311273), and is listed in the Insurance Times Top 50 Brokers ranking.

Name

Miles Smith Insurance Group

Legal name

Miles Smith Limited

Website

https://milessmith.co.uk

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

251–500 employees

Short description

Miles Smith is a UK Lloyd's broker placing hard-to-place and high-risk insurance on behalf of approximately 1,100 regional broker partners, specializing in construction, waste and recycling, motor fleet, and professional indemnity schemes.

Ownership category

akta.pro rank

Product category

Commercial Insurance Broking

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

akta.pro secondary industries

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ), Surplus Lines Property (CAT/High-Hazard) (FSAJAGAB)

Keywords

• Lloyd's broker services
• Specialist insurance placement
• High-risk liability insurance
• Professional indemnity facilities
• Waste and recycling insurance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Brokerage/Commission Revenue: Miles Smith operates as a Lloyd's broker earning commission/brokerage fees for placing insurance risks on behalf of broker partners in the Lloyd's and London Market. They provide access to specialist markets for hard-to-place and distressed risks.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Miles Smith operates as a wholesale Lloyd's broker providing regional and retail insurance brokers with direct access to the Lloyd's and London Market for specialist, hard-to-place, and distressed insurance risks. The firm places business through proprietary in-house schemes and binding authority facilities (high-risk liability, motor fleet, professional indemnity, property, waste and recycling) as well as open market placement across the London Market.

Product overview

Miles Smith Insurance Group operates as a Lloyd's broker providing specialized insurance products and services primarily to broker partners. The company offers a portfolio of core insurance products including High-Risk Liability (exclusive facility through Lloyd's for construction trades), Motor Fleet (placing over £80 million in motor GWP), Professional Indemnity (three in-house binder facilities plus open market), Property, Waste and Recycling, Product Recall, and Non-Motor insurance. These products are distributed through schemes and facilities with exclusive wordings and open market placement via Lloyd's and the London Market. The company specializes in difficult-to-place and distressed risks that fall outside the appetite of composite insurers, serving approximately 1,100 broker partners and 5,300 unique policyholders.

Differentiator

Problem solved

Functional benefit

Products and services

• High-Risk Liability Facility Exclusive high-risk liability insurance facility placed through Lloyd's markets, covering employers liability, public liability, products liability, pollution liability, and financial loss for construction and contracting trades including roofers, scaffolding, demolition, and asbestos removal contractors. Distributed to brokers for placement on behalf of their clients.
• Motor Fleet Insurance Comprehensive motor fleet insurance covering comprehensive, third party fire and theft, third party only, and laid up (SORN) policies with exclusive wordings and extensions for high-risk industries including waste, hazardous goods, haulage, and ambulance sectors. Distributed via broker partners.
• Professional Indemnity In-House Facilities Three in-house PI binder facilities covering professional risks for contractors, engineers, estate agents, IT and media, asbestos surveyors, and general professionals with policy limits up to £10m and turnover up to £50m. Distributed to brokers.
• Property Insurance Open market placement solutions for complex property risks including excess layers, co-insurance completion, and distressed property placements across the London Market for sectors such as waste, manufacturing, hotels, and pharmaceuticals. Distributed via broker partners.
• Waste and Recycling Insurance Specialized insurance solutions for the UK waste, recycling and reuse industry covering motor fleet, material damage, business interruption, plant and machinery, liabilities, and environmental impairment liability with the longest-running waste property facility in the market. Distributed through broker partners.
• Product Recall & Contaminated Products Insurance Specialist insurance covering product guarantee, financial loss, product recall, and contaminated products for industries including automotive, food and beverage, pharmaceutical, and consumer products with facility and open market placement options. Distributed via broker partners.
• Professional Risks Open Market Open market placement for professional risks not suitable under in-house facilities, providing access to Lloyd's and London Market insurers for design and construct, architects, surveyors, accountants, and management consultants. Distributed via broker partners.
• Open Market Placement Lloyd's broker services providing direct access to the London Market for placing specialist and hard-to-place risks that fall outside the appetite of composite insurers. Available to broker partners submitting risks through proposal forms.
• Schemes and Facilities Specialized insurance schemes and facilities for niche industries with market-leading and exclusive products tailored to specific industry demands, including specialist wordings and cover modifications. Distributed exclusively through broker partners.

Quantifiable outcome

• 92% broker partner satisfaction rate with competitiveness
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core, major and minor.

• Specialist Risk Group (SRG)coreStrategic or Co-development PartnerMiles Smith is one of four business units within Specialist Risk Group. SRG employs over 900 staff total. Other divisions include Specialist Risk Insurance Solutions – Specialty Clients, TUE – Irish Specialty Broking, Specialist Risk International - Global Specialty Broking, and MX – Specialty Underwriting.
• Environmental Services Association (ESA)majorStrategic or Co-development PartnerMiles Smith has worked closely with the Environmental Services Association for over 30 years, supporting the waste and recycling industry's insurance needs.
• Hedron NetworkmajorGTM or Marketing PartnerBroker network partnership enabling Hedron members to access Miles Smith's specialist Lloyd's Market facilities. Collaborative relationships developed through events like Hedron Horizon and Hedron Forum.
• ArcaminorGTM or Marketing PartnerInsurance broker organization that recommends Miles Smith for specialist market access.
• UROCminorGTM or Marketing PartnerInsurance broker organization that recommends Miles Smith for specialist market access.
• BMFminorGTM or Marketing PartnerInsurance broker organization that recommends Miles Smith for specialist market access.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Howden Group Holdings: Howden is a London-headquartered specialty insurance broker with deep Lloyd's market access and strong UK regional broker relationships — a direct competitor in placing hard-to-place and specialty risks through the London Market.
• Miller Insurance Services: Miller is a long-established Lloyd's broker focused on specialty and reinsurance placement, serving UK and international clients with complex risks — closely comparable to Miles Smith's Lloyd's broker model and difficult-to-place risk focus.
• Besso Limited: Besso is a specialist Lloyd's broker focused on non-standard and hard-to-place risks for UK and international clients, directly comparable to Miles Smith's difficult-risk placement proposition.
• H.W. Wood Limited: H.W. Wood is a London Market / Lloyd's broker providing specialty placement services across marine, aviation, energy, and liability lines — overlapping with Miles Smith's Lloyd's broker and high-risk liability placement.
• Griffiths & Armour: Griffiths & Armour is a UK specialist insurance broker with deep expertise in professional indemnity and construction-related risks, closely aligned with Miles Smith's PI and high-risk contractor practice.
• Sutton Winson & Morgan: Sutton Winson is a Lloyd's broker providing specialist schemes and facilities to UK brokers, comparable in model to Miles Smith's scheme-led, broker-distributed Lloyd's proposition.
• Bishopsgate Insurance Brokers: Bishopsgate is a London-based Lloyd's broker providing specialist placement for complex commercial risks, directly comparable to Miles Smith's London Market access and difficult-to-place focus.

Broad incumbents

• Marsh Specialty (formerly JLT Specialty): Marsh Specialty, including the legacy JLT Specialty business, is a global specialty broker with major London Market presence, offering overlapping placement capability to large clients — a broad incumbent competing for similar specialty placements.
• Aon UK / Aon Specialty: Aon is a global insurance broker with a substantial UK specialty practice and London Market access, operating as a broad incumbent competitor for hard-to-place risks placed through Lloyd's and the London Market.
• Willis Towers Watson (WTW): WTW is a global advisory and brokerage firm with significant UK and London Market specialty operations, comparable in serving complex and large-scale specialty placements though as a broad incumbent rather than a niche specialist.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/miles-smith

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Miles Smith Insurance Group