BLP Insurance
BLP Insurance is a UK FCA-regulated specialist insurer providing latent defects and new homes warranty insurance for residential and commercial buildings, now servicing a legacy policy book following the 2020 end of its AGCS underwriting partnership.
- Company typePrivate
- Founded1999
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What BLP Insurance does
BLP Insurance is a UK-based specialist insurer focused on latent defects insurance and new homes warranty insurance, covering structural defects and weatherproofing envelope failures in residential and commercial buildings. Founded in 1999 and headquartered in London, the company historically operated under a 21-year underwriting partnership with Allianz Global Corporate and Specialty (AGCS), which concluded on 27 November 2020. Since then, BLP has transitioned into a legacy-book servicing role: it continues to audit and administer policies issued up to that date, while new latent defects enquiries are routed to Thomas Miller Specialty (TMSC), a sister entity within the Thomas Miller Group that distributes exclusively through insurance brokers. Claims handling is managed by Thomas Miller Claims Management (TMCM) on behalf of AGCS for legacy policies, with settlements and repair works authorised via loss adjusters.
The company is a private subsidiary of Thomas Miller & Co Ltd, a diversified financial services group, and operates under FCA authorisation. Its customer base spans three segments: homeowners and insured premises holding legacy policies, developer clients undertaking new residential or commercial construction, and insurance brokers arranging cover for those developers. Products include Latent Defects Insurance, New Homes Warranty Insurance, a Negotiated Settlement Service for developer disputes, and structured claims handling through TMCM. Revenue is generated through recurring premiums on multi-year policies, with pricing quote-based and not publicly disclosed.
Strategically, BLP is in a run-off posture rather than a growth posture. New business origination has been transferred within the Thomas Miller group, and BLP's value is concentrated in its institutional knowledge, regulatory authorisation, and ongoing administration of the existing policy book. Distribution is broker-led through TMSC for new business and direct servicing for existing policyholders, with no evidence of geographic expansion, new product lines, or technology investment in the available data.
BLP Insurance firmographics
Firmographics- Name
- BLP Insurance
- Legal name
- BLP
- Website
- https://blpinsurance.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BLP Insurance is a UK FCA-regulated specialist insurer providing latent defects and new homes warranty insurance for residential and commercial buildings, now servicing a legacy policy book following the 2020 end of its AGCS underwriting partnership.
- Ownership category
- akta.pro rank
BLP Insurance industry classification
Industry- Product category
- Latent Defects Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)
- akta.pro secondary industries
- Commercial Property Insurance (FSAJACAE), Third-Party Administrator (TPA) & Program Administrator Services (FSAJALAF)
Keywords
Where BLP Insurance is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
BLP Insurance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Insurance Premiums: BLP generates revenue through insurance premiums for latent defects insurance and new homes warranty coverage. Policies are underwritten by Allianz Global Corporate and Specialty (AGCS), with BLP handling policy administration, audits, and claims servicing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Latent Defects Insurance and New Homes Warranty policies |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
BLP Insurance product offering
Product offeringCore offering
BLP Insurance provides latent defects insurance and new homes warranty insurance for residential and commercial construction projects in the United Kingdom. The company acts as a specialist insurance administrator that conducts technical audits during construction and administers claims for properties where structural defects or weatherproofing envelope failures emerge once the developer is no longer trading.
Product overview
BLP Insurance offers a focused portfolio of latent defects and new homes warranty insurance products. The core offering consists of Latent Defects Insurance and New Homes Warranty Insurance, both underwritten by Allianz Global Corporate and Specialty (AGCS). These policies cover structural defects and weatherproofing issues arising from construction defects. Additional services include a Negotiated Settlement Service for developer disputes and claims handling managed through Thomas Miller Claims Management (TMCM). New business for latent defect cover is now handled by TMSC (Thomas Miller Specialty).
Differentiator
Problem solved
Functional benefit
Products and services
- Latent Defects Insurance Specialist insurance covering structural elements and the weatherproofing envelope of buildings against latent defects that may emerge, valid for a defined period after construction. Provided to insured premises (typically new-build residential and commercial properties arranged by developers and brokers).
- New Homes Warranty Insurance Insurance product for residential and commercial new-build properties, functioning as a warranty against latent defects and weatherproofing envelope failures, administered by BLP Insurance and historically underwritten by Allianz Global Corporate & Specialty (AGCS) for legacy policies.
- Negotiated Settlement Service Service offered to homeowners when issues arise with developers, providing negotiated resolution of claims so that the homeowner does not need to identify a culpable insured party.
- Claims Handling Service via TMCM Specialist claims handling delivered through Thomas Miller Claims Management (TMCM) on behalf of Allianz Global Corporate & Specialty SE (FRN 122389), administering notifications, assessments, and settlements for BLP latent defects and new homes warranty claims.
Companies that use BLP Insurance
Customer profileSegments3 records
Ideal customer profiles3 records
BLP Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BLP Insurance partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- TMSC (Thomas Miller Specialty)coreTMSC now handles all new latent defects cover enquiries that were previously handled by BLP. TMSC focuses on mixed-use developments and residential blocks with retained freeholder or management company. Commercial developer mixed-use proposals with sum insured exceeding £10m are considered. TMSC services enquiries only through insurance brokers.
- Allianz Global Corporate and Specialty (AGCS)coreAGCS was BLP's underwriter for 21 years. The partnership ended on 27th November 2020. AGCS continues to provide full claims service for all policies agreed prior to 27th November 2020. BLP continues to audit and service all quotes accepted for policies up to that date.
- TMCM (Thomas Miller Claims Management)coreTMCM handles initial claims processing on behalf of Allianz Global Corporate & Specialty SE, UK Branch. Settlements and repair works are authorized by insurers through a loss adjuster once claims are notified.
- Thomas Miller & Co LtdcoreThomas Miller & Co Ltd is the parent company of BLP Insurance (registered in England number: 01898192). Located at 90 Fenchurch Street, London EC3M 4ST. Other Thomas Miller businesses include UK P&I Club, TT Club, ITIC, Bar Mutual, Thomas Miller Specialty, Brookes Bell, Thomas Miller Claims Management, Shearwater Law, and others.
Scale indicators2 records
Recent moves5 records
BLP Insurance competitors and assessment
Company assessmentDirect peers
- Thomas Miller Specialty (TMSC): Sister entity within the Thomas Miller Group that now handles all new latent defects cover enquiries previously originated by BLP. Directly comparable on product (latent defects insurance), target market (developers, brokers), and FCA regulatory framework.
- NHBC (National House Building Council): UK's leading provider of new-home warranties and building control services, offering Buildmark warranty cover for new homes. Directly comparable to BLP's New Homes Warranty product in the residential latent-defects/warranty market.
- LABC Warranty: Provides latent defects insurance and structural warranties for residential and commercial developments in the UK. Closely comparable product offering, target market (developers/brokers), and regulatory positioning.
- Premier Guarantee (part of MD Insurance Services): UK structural warranty and latent defects insurer serving residential and commercial developers. Directly competes with BLP/TMSC on the same latent-defects product line and broker distribution model.
- Buildsafe: UK specialist in latent defects insurance and structural warranties for new-build residential and commercial property. Highly comparable niche specialist in the same product category and broker channel.
- ICW Group (Insurance Claims & Warranty): UK provider of structural warranties and latent defects insurance for residential developments. Directly competes in the same product segment with a similar developer/broker customer base.
Broad incumbents
- Allianz Global Corporate & Specialty (AGCS): Global specialty insurer that was BLP's underwriting partner for 21 years. Offers a far broader portfolio (including construction, property, casualty), but historically underwrote BLP's latent-defects book; comparable on the construction/structural risk underwriting dimension.
- Zurich Insurance UK: Large UK insurer offering construction, property, and specialty lines including latent defects cover. Broader incumbent with overlapping construction-insurance capability relevant to BLP's market.
- Liberty Specialty Markets: Specialty insurer underwriting construction, property, and casualty risks in the London market, including latent defects-style structural cover. Comparable on underwriting expertise for construction-defect exposures.
Emerging players
- Protektor Insurance Services (formerly CRL/BuildSure): UK specialist offering structural and latent defects warranty products via broker channels. Comparable niche specialist addressing a subset of BLP's developer/broker target market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
BLP Insurance social profiles
Digital presenceBLP Insurance compliance and trust
Trust signalCompliance2 records
BLP Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
BLP Insurance leadership team
Management profileNumber of profiles
Profiles2 records
BLP Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BLP Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BLP Insurance
What does BLP Insurance do?
BLP Insurance provides latent defects insurance and new homes warranty insurance for residential and commercial construction projects in the United Kingdom. The company acts as a specialist insurance administrator that conducts technical audits during construction and administers claims for properties where structural defects or weatherproofing envelope failures emerge once the developer is no longer trading.
Is BLP Insurance a public or private company?
BLP Insurance is a private company. It is classified as corporate owned and is currently operating.
When was BLP Insurance founded?
BLP Insurance was founded in 1999. It employs 11 to 50 people.
Where is BLP Insurance based?
BLP Insurance is headquartered in London, United Kingdom, in the Europe region.
How does BLP Insurance make money?
One revenue line is on record: insurance Premiums.
Who are BLP Insurance's main competitors?
Direct peers on record are Thomas Miller Specialty (TMSC), NHBC (National House Building Council), LABC Warranty, Premier Guarantee (part of MD Insurance Services), Buildsafe and ICW Group (Insurance Claims & Warranty). Broad incumbents are Allianz Global Corporate & Specialty (AGCS), Zurich Insurance UK and Liberty Specialty Markets. Protektor Insurance Services (formerly CRL/BuildSure) is listed as an emerging player.
Does BLP Insurance have an API?
No public API is recorded for BLP Insurance.
What industry is BLP Insurance in?
BLP Insurance's product category is Latent Defects Insurance. Its primary akta.pro industry code is FSAJAGAH, Construction Specialty (Wrap-Ups/Builders Risk/Contractors), with a secondary code of FSAJACAE, Commercial Property Insurance. Its NAICS code is 524126 and its SIC code is 6331.