Cavendish Munro
Cavendish Munro is a London-based Lloyd's insurance broker specialising in Professional Indemnity cover for UK accountants, architects, engineers, solicitors, and surveyors. Since 2024, it operates as a subsidiary of Brown & Brown Inc. within its Wholesale segment.
- Company typePrivate
- Founded2006
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Cavendish Munro does
Cavendish Munro is a London-based Lloyd's insurance broker specialising in Professional Indemnity (PI) insurance for UK-based professional service firms. Founded in 2006, the firm holds FCA authorisation (FRN 503831) and is one of approximately 384 Lloyd's brokers worldwide, with privileged placement access to underwriters at the Lloyd's of London market. It serves a defined set of professional classes including accountants, architects, engineers, solicitors, and surveyors, structuring cover for both individual practitioners and firms.
The firm's distribution model operates across three channels: direct placement for professional clients, a Wholesale broker network providing Lloyd's and London market capacity to partner brokers across the UK and overseas, and a Quote & Buy online platform enabling digital quote-and-bind for selected professional classes. Individual brokers personally manage full placement with underwriters rather than relying on account-handler tiers, which the firm positions as a differentiator against larger generalist brokers.
Revenue mechanics are commission-based on placed premiums. Since 2024, Cavendish Munro has operated as a subsidiary of Brown & Brown (Europe) Holdco Limited, part of NYSE-listed Brown & Brown Inc., sitting within its Wholesale segment. The acquisition provides access to a global network of over 4,000 teammates and 14,000 insurance professionals, while preserving the firm's specialist PI focus.
Cavendish Munro firmographics
Firmographics- Name
- Cavendish Munro
- Legal name
- Cavendish Munro Professional Risks Limited
- Website
- https://cavendishmunro.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cavendish Munro is a London-based Lloyd's insurance broker specialising in Professional Indemnity cover for UK accountants, architects, engineers, solicitors, and surveyors. Since 2024, it operates as a subsidiary of Brown & Brown Inc. within its Wholesale segment.
- Ownership category
- akta.pro rank
Cavendish Munro industry classification
Industry- Product category
- Professional Indemnity Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Professional Umbrella / Excess (E&O/D&O Wrap) (FSAJANAH)
- akta.pro secondary industry
- Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD)
Keywords
Where Cavendish Munro is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Cavendish Munro business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Insurance Commission: Commission from insurers expressed as a percentage of the annual premium paid by clients. Commission is taken upon receipt of cleared funds from clients or when insurers receive cleared funds from Cavendish Munro, depending on arrangements with each insurer.
- Administration Fees: Fees charged when taking out a policy, on mid-term adjustments, and policy cancellations. Full details of fees are advised prior to policy inception.
- Other Service Fees: Fees in place of or in addition to commission earned from insurers. Includes fees from premium finance introductions, third-party provider referrals, and non-insurance product suppliers.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Cavendish Munro product offering
Product offeringCore offering
Cavendish Munro is a City-based Lloyd's insurance broker that arranges Professional Indemnity Insurance and complementary commercial covers (Office & Liability, Directors' & Officers', and Legal Expenses) for UK professional firms. It sources policies from a broad panel of insurers plus the Lloyd's market, with individual brokers personally handling placement and an in-house claims team assisting clients in presenting claims to insurers.
Product overview
Cavendish Munro is a Lloyd's insurance broker offering a portfolio of professional indemnity insurance products along with complementary liability and legal expense covers. The core product is Professional Indemnity Insurance, which provides protection against professional negligence, errors, omissions, and breaches of duty for various professional sectors. The company offers specialized variants of PI insurance tailored to Accountants, Architects, Engineers, Solicitors, Surveyors & Estate Agents, and Design & Construct professionals. Complementary products include Office & Liability Insurance (protecting people, property, and business operations), Directors' & Officers' Insurance (covering personal liability for organizational decision-makers), and Legal Expenses Insurance (covering legal defense costs and fees). All products are delivered through direct broker engagement and a Quote & Buy portal, with access to multiple insurers and the Lloyd's market.
Differentiator
Problem solved
Functional benefit
Products and services
- Professional Indemnity Insurance Insurance protection for professional firms against professional negligence, errors and omissions, and breaches of duty. Written on a claims-made basis with retroactive cover for past work. The core offering arranged by the broker across all professional segments.
- Office & Liability Insurance Insurance that protects people and property, covering office-related liabilities, property and contents, employers' and public liability, and business interruption for professional firms.
- Directors' and Officers' Insurance Insurance that protects individuals holding positions of authority against personal liability arising from claims for wrongful acts, covering personal liability to third parties, regulatory proceedings, civil liability, and statutory liability.
- Legal Expenses Insurance Insurance that covers legal defence costs, court and filing fees, and expert witness expenses for matters such as employment disputes, tax investigations, and health and safety cases.
- Accountants Professional Indemnity Insurance Tailored Professional Indemnity Insurance for accountancy practices, covering all types of work and satisfying the regulations of ICAEW, ACCA, CIMA, ICAI, CIOT, AAT and ICAS.
- Architects Professional Indemnity Insurance Professional Indemnity Insurance for architects and related professionals, meeting ARB and RIBA compulsory insurance requirements and addressing varying levels of risk and contract sizes.
- Engineers Professional Indemnity Insurance Professional Indemnity Insurance for consulting engineers engaged across varied activities, including advisory support on collateral warranties and duty of care agreements.
- Solicitors Professional Indemnity Insurance Independent Professional Indemnity Insurance for solicitors, with access to multiple insurers and the Lloyd's market to enable a wide, independent market exercise for competitive pricing.
- Surveyors & Estate Agents Professional Indemnity Insurance Professional Indemnity Insurance for surveyors and estate agents covering RICS members and non-members, meeting minimum terms and limits of indemnity, with advisory on collateral warranties and duty of care agreements.
- Design & Construct Insurance Professional Indemnity Insurance for design and construct firms, with risks presented individually to ensure appropriate cover at the right price.
- Other Professionals Insurance Miscellaneous and tailored Professional Indemnity cover for diverse advisory professions beyond the traditional categories, addressing client demands, regulatory body advice, or exposure arising from a litigious society.
- Wholesale Broker Placement Services Wholesale placement service for partner brokers in the UK and overseas, offering Lloyd's and London market access, exclusive binders, affinity business, and case-by-case enquiry handling, book transfers and supporting wholesale contact (Gordon Warnes).
Companies that use Cavendish Munro
Customer profileSegments7 records
Ideal customer profiles6 records
Cavendish Munro technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cavendish Munro partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
Cavendish Munro competitors and assessment
Company assessmentBroad incumbents
- WTW (Willis Towers Watson): Global advisory and insurance brokerage with a UK professional indemnity group serving solicitors, accountants, and construction professionals. Competes for larger professional firm placements and provides bundled risk and advisory services.
- Lockton Companies: World's largest independent insurance broker with significant PI placement capability for professional firms. Direct overlap in target segments and underwriting channel access, particularly through London market relationships.
- Marsh Ltd (Marsh McLennan): Global insurance broker and risk adviser with a substantial UK PI practice serving many of the same regulated professional segments (lawyers, accountants, architects). Competes for the larger end of Cavendish Munro's market but offers a much wider service portfolio.
- Arthur J. Gallagher UK: Large international insurance broker with UK PI capabilities, often consolidating specialist competitors. Targets the same regulated professions while offering a wider global footprint and specialty lines.
- Aon UK: Major global insurance broker with UK professional indemnity capabilities spanning solicitors, accountants, and surveyors. Competes with Cavendish Munro for mid- and large-sized professional firms while also offering broader commercial lines.
- Howden Insurance Brokers (Howden Group): Large UK and global insurance intermediary with a dedicated professional indemnity practice serving accountancy, legal, and construction professionals. Overlaps directly in target segments while operating at much greater scale and broader product set.
Direct peers
- Chris Knott Insurance: UK specialist broker with a strong professional indemnity offering for surveyors, accountants, architects, and other professionals. Closely comparable scale and target market to Cavendish Munro, particularly in regulated UK professional segments.
- Wren Insurance Associates: UK specialist professional indemnity broker focused on placing PI for professionals, with similar Lloyd's market access and vertical specialisation. Closest direct peer in size, product set, and target customer profile.
- Schofield Insurance Brokers: UK Lloyd's broker with a focused professional indemnity practice serving accountants, architects, and engineers. Direct competitor of similar size and structure with comparable London market placement capabilities.
Emerging players
- CFC Underwriting Ltd: London-based specialty insurer and Lloyd's participant with significant PI and professional risks capabilities. Adjacent rather than directly competing on the brokerage model, but intersecting in the PI placement value chain as both a market source and competitor for placement.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cavendish Munro social profiles
Digital presenceCavendish Munro compliance and trust
Trust signalCompliance3 records
Cavendish Munro financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cavendish Munro leadership team
Management profileNumber of profiles
Profiles3 records
Cavendish Munro funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cavendish Munro 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 Cavendish Munro
What does Cavendish Munro do?
Cavendish Munro is a City-based Lloyd's insurance broker that arranges Professional Indemnity Insurance and complementary commercial covers (Office & Liability, Directors' & Officers', and Legal Expenses) for UK professional firms. It sources policies from a broad panel of insurers plus the Lloyd's market, with individual brokers personally handling placement and an in-house claims team assisting clients in presenting claims to insurers.
Is Cavendish Munro a public or private company?
Cavendish Munro is a private company. It is classified as corporate owned and is currently operating.
When was Cavendish Munro founded?
Cavendish Munro was founded in 2006. It employs 11 to 50 people.
Where is Cavendish Munro based?
Cavendish Munro is headquartered in London, United Kingdom, in the Europe region.
How does Cavendish Munro make money?
Three revenue lines are on record. Insurance Commission is the primary driver. The others are administration Fees and other Service Fees.
Who are Cavendish Munro's main competitors?
Broad incumbents on record are WTW (Willis Towers Watson), Lockton Companies, Marsh Ltd (Marsh McLennan), Arthur J. Gallagher UK, Aon UK and Howden Insurance Brokers (Howden Group). Direct peers are Chris Knott Insurance, Wren Insurance Associates and Schofield Insurance Brokers. CFC Underwriting Ltd is listed as an emerging player.
Does Cavendish Munro have an API?
No public API is recorded for Cavendish Munro.
What industry is Cavendish Munro in?
Cavendish Munro's product category is Professional Indemnity Insurance Brokerage. Its primary akta.pro industry code is FSAJANAH, Professional Umbrella / Excess (E&O/D&O Wrap), with a secondary code of FSAJAGAD, Management Liability (D&O/EPL/Fiduciary). Its NAICS code is 52421 and its SIC code is 6411.