KGM Insurance

What KGM Insurance does

KGM Insurance operates as a specialist motor insurance Managing General Agent (MGA) in the United Kingdom, distributing exclusively through insurance brokers since its founding in 1957. The company is structured as a trading name of DUAL Corporate Risks Limited, which is authorised and regulated by the Financial Conduct Authority (firm reference number 312593) and whose registered office is at One Creechurch Place, London, EC3A 5AF. All policies are backed by Zurich, an A+ rated insurer, providing rated capacity for KGM's book of business. The company employs 33 staff and operates from a single UK headquarters.

The product portfolio spans 14 specialist motor lines organised into four categories: Personal (Private Car, Learner Driver, High Net Worth Motor, Motorcycle); Specialist (Specialist Vehicle, Agricultural Vehicles, Multi-Car); Classic (Classic Car, Classic Motorcycle, both targeting vehicles at least 20 years old); and Business motor (Motor Fleet, Taxi Fleet, Taxi, Commercial Vehicle, Motor Trade). KGM's central technology is an underwriting platform with real-time quote capability, complemented by a dedicated Broker Portal (broker.kgmus.co.uk) that enables brokers to access quotes and manage policies online, while also routing complex cases to senior underwriters empowered to make binding decisions during a single conversation with the broker.

KGM generates revenue through insurance premiums collected on specialist motor policies it underwrites (described as recurring subscription-style premium streams) and operates on a B2B2C model in which brokers are the sole distribution channel. Pricing is quote-based and tailored to each client risk profile, with no public pricing disclosed. The company does not sell directly to consumers and serves UK-based brokers and their underlying policyholders exclusively. KGM has received UK Broker Awards 2025 Broker Choice: MGA of the Year and retained a 5-star Insurance Times MGA Survey rating for the fourth consecutive year in 2025/26.

Name

KGM Insurance

Legal name

DUAL Corporate Risks Limited

Website

https://kgminsurance.co.uk

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

11–50 employees

Short description

KGM Insurance is a UK specialist motor insurance MGA (trading name of DUAL Corporate Risks Limited), founded in 1957 and backed by Zurich, distributing 14 niche motor products exclusively through insurance brokers via a dedicated Broker Portal and real-time underwriter access.

Ownership category

akta.pro rank

Product category

Specialist Motor Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Other Insurance Related Activities (52429), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro industry

PRIMARYFSAJAMAH

Specialty & Excess/Surplus Lines (E&S)

Financial & Insurance/Insurance — Motor, Property & Casualty/Motor Vehicle Liability Insurance

SECONDARYFSAJAGAO

High Net Worth Personal Lines (E&S)

Financial & Insurance/Insurance — Motor, Property & Casualty/Specialty & Excess/Surplus Lines (E&S)

SECONDARYFSAJABAG

Commercial Auto for Specialty Vehicles (Tow Trucks, Limousines, Dump Trucks, etc.)

Financial & Insurance/Insurance — Motor, Property & Casualty/Commercial Auto & Fleet Insurance

Keywords

• Specialist motor insurance
• Managing general agent
• Broker distribution insurance
• Classic car insurance
• Commercial vehicle 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, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Motor Insurance Premiums: KGM provides specialist motor insurance policies backed by Zurich. Revenue is generated through insurance premiums collected from policyholders via broker distribution. Policies cover personal, specialist, classic, and business motor segments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

KGM Underwriting Services is a UK specialist motor insurance Managing General Agent that underwrites and issues motor insurance policies across personal, specialist, classic, and business vehicle segments. The company sells exclusively through licensed insurance brokers via its Broker Portal and direct underwriter access, with policies financially backed by Zurich on an A+ rated basis.

Product overview

KGM Underwriting Services is a specialist motor insurance provider offering a comprehensive portfolio of insurance products through a network of insurance brokers. The company operates as a Managing General Agent (MGA) backed by Zurich, providing industry-leading motor policies for over 60 years. The product lineup is organized into four main categories: Personal products (Private Car, Learner Driver, High Net Worth Motor, Motorcycle) covering individual vehicle owners; Specialist products (Specialist Vehicle, Agricultural Vehicles, Multi-Car) addressing non-standard and unique vehicle needs; Classic products (Classic Car, Classic Motorcycle) for collectable vehicles at least 20 years old; and Business motor products (Motor Fleet, Taxi Fleet, Taxi, Commercial Vehicle, Motor Trade) serving commercial operators. KGM differentiates through real-time underwriting decisions, flexible policy customization, and tailored advice from experienced underwriters empowered to make decisions during initial conversations.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Car Insurance

Segments14 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• DUAL Corporate Risks LimitedcoreStrategic or Co-development PartnerKGM is a trading name of DUAL Corporate Risks Limited, which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 312593). DUAL is part of the Dual Group, a global specialty insurer.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Footman James: UK specialist classic and collectible vehicle insurer offering classic car, classic bike, and kit/modified car cover. Direct peer to KGM in the classic and specialist motor segments.
• Lancaster Insurance: UK classic and specialist car insurance provider focused on collector and enthusiast vehicles. Direct peer in KGM's classic car sub-segment.
• Adrian Flux: UK specialist motor MGA covering non-standard, modified, classic, imported and high-risk vehicles through a broker and direct channel. Directly comparable to KGM as a UK specialist motor underwriter with similar non-standard appetite and broker-led distribution.
• Markerstudy: UK motor insurance group operating MGA and carrier platforms across standard and specialist motor. Comparable to KGM as a UK motor MGA group with multi-segment specialty capabilities.
• Chris Knott Insurance: UK specialist motor broker offering modified, imported, kit and non-standard car cover. Direct peer to KGM's specialist vehicle product line.
• Performance Direct: UK specialist motor insurer focusing on performance, modified and non-standard cars. Direct peer in the modified/non-standard specialist vehicle space.
• Carole Nash: UK specialist motorcycle and classic vehicle insurance provider. Direct peer to KGM's motorcycle and classic motorcycle lines with overlapping broker and direct distribution.
• ERS (QBE): UK specialist motor fleet and commercial vehicle insurer, now part of QBE. Direct peer to KGM's business motor fleet and commercial vehicle products.

Broad incumbents

• Hastings Direct: UK direct and broker motor insurer covering standard private car, van and bike. Broad incumbent in UK personal motor — KGM's HNW, classic and specialist segments are largely carved out of Hastings' book.

Emerging players

• Laka: UK digital MGA specialising in motorcycle and cycle insurance using a pay-as-you-ride model. Emerging player with partial overlap to KGM's motorcycle product line.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kgm-insurance

Revenue estimate

Valuation estimate

Number of profiles

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 KGM Insurance