Vasek Insurance

What Vasek Insurance does

Vasek Insurance is a specialist UK property insurance Managing General Agent (MGA) operating as a trading name of Arthur J. Gallagher Insurance Brokers Limited (FCA registration 311786, Company Number SC108909), itself part of NYSE-listed Arthur J. Gallagher. Founded circa 1998 and headquartered in Nottingham with a registered office in Glasgow, the company employs 11-50 staff and focuses on difficult-to-place and non-standard property risks — landlord tenanted, unoccupied, commercial, UK holiday home, blocks of flats, mid net worth home, and standard/non-standard home — that mainstream UK insurers often decline, including properties with student tenants, asylum seekers, prior flooding, subsidence, or criminal convictions.

Its technology stack is centered on a Defaqto 5-star rated online quote engine launched January 2023, integrated with the Acturis broker platform to eliminate rekeying for partner brokers, and supplemented by a bespoke broker online trading portal for portfolio management. In-house underwriting and claims teams operate with delegated authority up to £50,000, enabling claims settlement within 48 hours. The business is supported by A++ rated insurer capacity (potentially including Lloyd's of London) and underpins payment flexibility via Premium Credit Limited Direct Debit financing.

Vasek earns revenue primarily through brokerage commission as a percentage of annual premium placed with carrier partners, supplemented by premium finance referral commission from Premium Credit Limited and administration charges for policy amendments and cancellations. Distribution is broker-led via a network of independent insurance brokers and agents supported by a nationwide team of ten Business Development Managers, complemented by self-serve online quoting for direct customers. The company operates only in the United Kingdom (England, Scotland, and Wales) after exiting overseas property in January 2021.

Name

Vasek Insurance

Legal name

Arthur J. Gallagher Insurance Brokers Limited

Website

https://vasek.co.uk

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Vasek Insurance is a UK specialist property insurance MGA (trading name of Arthur J. Gallagher Insurance Brokers Limited) underwriting difficult-to-place landlord, unoccupied, commercial, holiday home, blocks of flats, and home risks via broker partners and an Acturis-integrated online platform.

Ownership category

akta.pro rank

Product category

Specialist Property Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Habitational / Residential Property Managers BOP (FSAJAFAN)

akta.pro secondary industry

Mixed-Use / Commercial Condominium BOP (FSAJAFAO)

Keywords

• Property insurance
• Insurance brokerage
• Landlord insurance
• Specialist insurance
• Non-standard risks

Headquarters

HQ city

Nottingham

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premium Revenue: Vasek Insurance earns revenue through insurance premiums collected from policyholders across its specialist property insurance products including landlord, unoccupied, commercial, holiday home, blocks of flats, home, and mid net worth insurance. Premiums can be paid annually or via monthly Direct Debit through Premium Credit Limited.
2. Premium Finance Commission: Commission earned from introducing customers to Premium Credit Limited for Direct Debit payment plans. Vasek receives commission as a percentage of total interest charged on installment payments. This commission covers costs for introducing customers, setting up payments, and managing changes.
3. Brokerage/Commission from Insurers: Brokerage/commission is a percentage of total annual insurance premium paid by customers, paid to Vasek by insurers with whom business is placed. This is the primary remuneration method unless a separate fee arrangement is agreed with the customer.
4. Administration Charges: Administration charges for policy amendments and cancellations. Cancellation administration charge is £20. These are charged in addition to insurance premiums and/or fees for administration services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Vasek Insurance is a specialist UK property insurance broker trading under Arthur J. Gallagher Insurance Brokers Limited. The company focuses on placing difficult-to-place and non-standard property risks through its network of panel insurers. It serves both individual property owners and commercial landlords, distributing cover via third-party brokers and directly to consumers online.

Product overview

Vasek Insurance is a specialist property insurance broker offering a portfolio of insurance products through an online platform. The core offering includes Landlord Insurance, Unoccupied Property Insurance, Commercial Property Insurance, UK Holiday Home Insurance, Home Insurance, and Mid Net Worth Home Insurance. Supporting products include Vasek Essentials (budget sub-brand), Blocks of Flats Insurance, and Rent Guarantee Insurance. The company operates primarily as a digital-first insurance intermediary with online quoting, in-house underwriting with delegated authority up to £50,000, and an in-house claims team. Business is placed through the Acturis platform with support from dedicated Business Development Managers. The company is authorized by the FCA and underwritten by A++ rated insurers.

Differentiator

Problem solved

Functional benefit

Products and services

• Landlord Insurance Specialist insurance cover designed for buy-to-let and commercial landlords protecting rental properties and related liabilities.
• Unoccupied Property Insurance Insurance for empty, vacant, or unoccupied properties including those undergoing renovation or between tenancies.
• Commercial Property Insurance Insurance cover for commercial property owners including offices, retail, and mixed-use buildings.
• UK Holiday Home Insurance Specialist insurance for UK-based holiday lets and second homes with cover adapted for short-term letting risks.
• Mid Net Worth Home Insurance Insurance cover tailored for higher-value residential properties with enhanced sums insured and broader policy features.
• Home Insurance Standard residential buildings and contents insurance cover available to homeowners.
• Blocks of Flats Insurance Insurance for residential blocks of flats typically arranged for management companies, freeholders, or residents' associations.
• Rent Guarantee Insurance Insurance cover protecting landlords against loss of rental income due to tenant default or unpaid rent.
• Vasek Essentials Streamlined property insurance product offering essential cover at entry-level pricing.

Quantifiable outcome

• Claims paid within 48 hours once settled and financial checks concluded
• +2 more outcomes

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ActuriscoreTechnology or IntegrationActuris platform integration enables seamless property owner quoting for broker partners, eliminating the need for rekeying information. This is a core technology integration that supports the broker distribution model.
• A++ Rated InsurerscoreStrategic or Co-development PartnerUnderwriting backed by A++ rated insurer(s) according to independent ratings from third party rating companies (correct as of January 2026). Insurers provide delegated authority up to £50,000 for in-house claims handling.
• Lloyd's of LondoncoreStrategic or Co-development PartnerPolicies may be underwritten at Lloyd's. Vasek refers complaints relating to policy performance or insurer performance to Lloyd's Complaints Team at One Lime Street, London for review.
• IntasureminorChannel Partner/ Reseller/ DistributorIntasure, a trading name of Arthur J. Gallagher Insurance Brokers Limited, handles overseas property insurance for new business and renewals since January 2021 when Vasek ceased offering this product. Vasek refers customers to Intasure for overseas property coverage.

Scale indicators4 records

Recent moves2 records

Expansion highlights4 records

Broad incumbents

• Direct Line Group: Direct Line Group is a major UK personal lines insurer offering home, landlord, and commercial property cover via direct and aggregator channels. Incumbent with overlapping property product set and competing for the same UK homeowners and landlord pool, but at materially larger scale.
• Aviva UK: Aviva is the UK's largest general insurer with a broad home, landlord, and commercial property offering distributed via direct, broker, and intermediary channels. Incumbent reference for the mainstream property-insurance market Vasek's non-standard franchise competes against and complements.
• Towergate Insurance: Towergate is one of the UK's largest general insurance brokers with deep property, landlord, and commercial property capability distributed through regional offices and brokers. Broader portfolio than Vasek, but overlapping product set and broker-led UK distribution make it a key incumbent reference point.
• Ageas UK: Ageas is a major UK home and property insurer distributed through broker and direct channels with capabilities in landlord and non-standard home cover. Adjacent incumbent with overlapping property product set and UK distribution mechanics relevant to Vasek's specialist positioning.

Direct peers

• Adrian Flux Insurance Group: Adrian Flux is a long-established UK specialist broker focused on non-standard and difficult-to-place personal and property lines. Overlapping Vasek's specialty in non-standard property risks (subsidence, floods, criminal convictions) and sharing the broker/intermediary distribution model.
• Hamilton Fraser Total Landlord Insurance: Hamilton Fraser's Total Landlord brand is a UK specialist landlord and property insurance MGA with strong broker and direct channels, FCA-regulated, focused on rental and non-standard property risks. Highly comparable product set, distribution model, and customer segments to Vasek.
• Alan Boswell Insurance Brokers: Alan Boswell is a UK regional specialist insurance broker offering property, commercial, and landlord cover with delegated authority arrangements and in-house claims. Direct peer in the UK specialist broker/MGA landscape with overlapping property-insurance focus and broker distribution model.
• HomeLet: HomeLet is one of the UK's largest specialist landlord insurance providers, offering buildings, contents, rent guarantee, and landlord liability cover distributed through brokers. It is the closest direct peer to Vasek given the shared landlord-insurance specialization, broker-led distribution, and similar product architecture.
• Cover4LetProperty: Cover4LetProperty is a specialist UK landlord insurance provider offering buildings, contents, rent guarantee, and liability cover through online and broker channels. Closely comparable specialist landlord product line, UK-only focus, and digital-first distribution model to Vasek.
• Let Alliance: Let Alliance is a UK landlord-focused insurance and tenant referencing provider offering buildings, contents, rent guarantee, and legal cover to letting agents and landlords. Comparable broker/agent go-to-market and core landlord product set to Vasek.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/vasekinsurance
• Facebookfacebook.com/VasekInsurance
• LinkedInlinkedin.com/company/vasek-insurance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Vasek Insurance