Verlingue London Markets

What Verlingue London Markets does

Verlingue London Markets Ltd. is a Lloyd's-accredited wholesale insurance broker that places complex and difficult-to-place risks with Lloyd's Syndicates, open-market insurers, P&I Clubs, and Managing General Agents (MGAs) on behalf of retail insurance brokers. Operating from a head office steps from the Lloyd's building in London (4th Floor North, Marlow House, 1a Lloyds Avenue) and a registered office in Redhill, Surrey, the firm carries on more than 50 years of continuous London Market broking heritage through its predecessor, NBJ London Markets, which was rebranded in November 2023 under the Verlingue UK / Adelaide Group banner. The business is authorised and regulated by the UK Financial Conduct Authority (Reg. No. 03232249) and is a member of the London & International Insurance Brokers' Association (LIIBA).

The firm's product portfolio spans eight specialist lines: Property, Contractors Liability, General Liability, Marine (launched August 2024), Motor Fleet, Motor Trade, Professional Risks, and Advanced Technology Risks (covering data centres, AI infrastructure, robotics, autonomous vehicles, eVTOL, drones and vertiports). Service delivery is relationship-led, organised by sector under dedicated heads of Property, Casualty, Motor and Marine, with broking executed through direct desk-side trading at Lloyd's rather than through any proprietary technology platform. The underlying technology stack is a standard insurance brokerage environment with no in-house systems, AI tooling, or digital underwriting capabilities disclosed.

Verlingue London Markets earns commission revenue from insurers and MGAs on successfully placed risks, with pricing determined per risk profile rather than through published rate cards. Distribution is wholesale-only and channel-partner-driven: the firm serves retail brokers (including its parent Verlingue UK, independent community brokers in the UK, and European broker partners served via the separately registered Verlingue London Markets Europe entity established in September 2024). The firm is privately held within the family-owned Adelaide Group, with no external funding rounds and no public shareholders; expansion is funded and underwritten by the parent rather than via venture or debt capital.

Name

Verlingue London Markets

Legal name

Verlingue London Markets Ltd.

Website

https://verlinguelondonmarkets.co.uk

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Verlingue London Markets is a Lloyd's-accredited wholesale insurance broker that places complex risks with London Market underwriters on behalf of retail insurance brokers. It serves UK and European broker partners across property, motor, marine, casualty, professional, and emerging technology lines.

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage

NAICS

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

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), Specialty & Excess/Surplus Lines (E&S) (FSAJAMAH), Commercial General Liability (CGL) (FSAJADAA)

Keywords

• Wholesale insurance broking
• Lloyd's of London broker
• Complex risk placement
• Marine insurance brokerage
• Motor fleet insurance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Brokerage Commissions: As a Lloyd's and London Market wholesale broker, Verlingue London Markets earns commissions from insurers for placing risks. The company serves retail broker partners and their clients, placing complex insurance risks with Lloyd's Syndicates, global insurers, and MGAs.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels4 records

Core offering

Verlingue London Markets is a Lloyd's-accredited wholesale insurance broker that places complex and high-hazard risks on behalf of retail insurance broker partners. The firm provides direct access to Lloyd's Syndicates, London Market insurers, P&I Clubs, and specialist MGAs across eight sectors including property, contractors liability, general liability, marine, motor fleet, motor trade, professional risks, and advanced technology risks.

Product overview

Verlingue London Markets is a Lloyd's-accredited wholesale broker offering specialist insurance solutions across eight distinct product lines: Property Insurance, Contractors Liability, General Liability, Marine Division, Motor Fleet Insurance, Motor Trade Insurance, Professional Risks, and Advanced Technology Risks. The firm serves retail broker partners seeking access to the Lloyd's and London Market for difficult or complex risks. Core services include placing complex risks with market experts, rapid responses, and tailored programme development. The portfolio ranges from traditional commercial lines (property, casualty, motor) to emerging technology coverages (AI infrastructure, robotics, autonomous systems, eVTOL). Service delivery is characterized as relationship-led, emphasizing clear communication, technical expertise, and collaborative broker partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Insurance Specialist placement of complex, high-hazard, and high-capacity property risks for retail insurance brokers and their clients, covering commercial property (leisure, hospitality, waste & recycling, food & drink, media & technology, pharmaceutical warehousing, commercial & residential, property owners, engineering), casualty risks, construction, airside liability, railways, and standalone terrorism coverage.
• Contractors Liability Wholesale placement of contractors liability insurance for construction trades and contractors, covering structural steel erectors, heavy civil engineering, demolition, scaffolding, roofing, and building contractors. Includes Contractors All Risks Insurance for annual policies or single project placements.
• General Liability Wholesale placement of specialist liability coverage for high-risk sectors and trades including waste, quarries, stevedore operations, port operators, chemicals, oil and gas, foundries, medical products, food, pharmaceutical, railway/trackside, aviation products, and work at airports/airside.
• Marine Division Comprehensive marine insurance solutions covering Marine Liabilities (Protection & Indemnity, Charterer's Liability, Freight Forwarder Liability, Ship Repairer's Liability, Ports & Terminals Liability, Maritime Employer's Liability), Cargo, Marine Hull, and Additional Financial Protections including Marine Cyber coverage, served via Lloyd's and London Market placement.
• Motor Fleet Insurance Wholesale placement of specialist fleet motor insurance for UK and international brokers, covering car and van fleets, haulage (UK, Overseas, Hazardous & Tankers), skip and waste operators, removal companies, bus and coach operators, courier and parcel delivery, private ambulances, taxis, self-drive hire, vehicle transporters, and driver training risks.
• Motor Trade Insurance Wholesale broking of UK motor trade risks through Lloyd's, providing tailored programmes for premises-based motor trade businesses including franchised dealers, heavy commercial operators, coachbuilders, agricultural vehicle specialists, breakdown services, classic car specialists, tyre fitters, windscreen specialists, and new ventures.
• Professional Risks Wholesale placement of professional liability and indemnity insurance covering Miscellaneous, Media & IT, Engineers, Property Professions, Recruitment (including Vicarious PI/Liability), D&C, Travel/Tour Operators, Medical Malpractice, Specialist PI/PL placements, Chartered Accountants, RIBA Architects, and Financial Services with multinational programme capabilities.
• Advanced Technology Risks Wholesale placement of specialist insurance solutions for advanced technology sectors covering Data Centres & AI Infrastructure (chip designers, hyperscalers, AI developers, cloud providers), Technology, Robotics & Manufacturing (industrial robotics, autonomous vehicles, medical devices), and Advanced Aviation & Aerospace (eVTOL, drones, vertiports).
• Verlingue London Markets Europe Registered Lloyd's Broker entity delivering placement and capacity solutions for Property, Casualty, Motor Fleet, and Specialist Lines risks to broker partners within the European Union, extending the firm's wholesale broking access beyond the UK.

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• Lloyd's of LondoncoreStrategic or Co-development PartnerVerlingue London Markets is an accredited Lloyd's of London Broker with 50+ years of experience providing London market solutions. This accreditation enables the company to place risks directly with Lloyd's Syndicates and access the full capacity of the Lloyd's market.
• Verlingue UK (Parent Company)coreOthersPart of Verlingue UK, an independent family-owned insurance broker. Verlingue UK CEO Mike Latham commented on the rebrand strategy. The company operates as a distinct specialty division while benefiting from parent company resources and relationships.
• Adelaide GroupcoreOthersVerlingue UK is part of the Adelaide Group, one of the largest independently owned brokers in Europe. Benjamin Verlingue, Chairman of Adelaide Group, has expressed commitment to the Lloyd's broker registration supporting European expansion plans.
• Lloyd's SyndicatescoreStrategic or Co-development PartnerVerlingue London Markets works with Lloyd's Syndicates as part of their accredited Lloyd's broker status, providing access to specialist underwriting capacity for complex risks.
• Open Market InsurerscoreStrategic or Co-development PartnerThe company maintains relationships with open market insurers for placing commercial risks beyond Lloyd's capacity.
• P&I Clubs (Protection & Indemnity)coreStrategic or Co-development PartnerParticularly for Marine division, the company works with Protection & Indemnity Clubs for maritime liability coverage and related protections.
• MGAs (Managing General Agents)coreChannel Partner/ Reseller/ DistributorAccess to Managing General Agents for specialized product placement where MGAs offer particular appetite or expertise in specific risk categories.

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Ed Broking: Ed Broking is a London-based specialty wholesale and reinsurance broker. Directly comparable as an accredited Lloyd's broker placing complex and specialty risks on behalf of retail intermediaries.
• Jensten Group: Jensten is a UK insurance broker group with London Market wholesale capability. Comparable as a Lloyd's broking intermediary — Verlingue London Markets hired Barry Reynolds from Jensten, evidencing similar role and sector overlap.
• RFIB Group: RFIB is a London-based wholesale insurance and reinsurance broker with Lloyd's broker status. Comparable as a specialist intermediary placing complex risks into the Lloyd's and London Market on behalf of retail brokers.
• Besso Insurance: Besso is a Lloyd's broker providing specialist wholesale placement and reinsurance broking. Closely comparable as a specialty London Market broker with similar product breadth and retail-broker focus.
• Lonmar Global Risks: Lonmar is a London Market wholesale broker placing complex commercial risks. Directly comparable — Verlingue London Markets hired Simon Clegg (Head of Broker Development) from Lonmar, indicating similar business model and culture.
• Miller Insurance Services: Miller is a specialist London Market wholesale broker focused on placing complex risks with Lloyd's Syndicates and London Market insurers. Directly comparable in business model — accredited Lloyd's broker serving retail intermediaries with specialty expertise.
• Citynet Insurance Brokers: Citynet is a London Market wholesale broker placing commercial risks into Lloyd's. Comparable as a fellow Lloyd's broker with similar sector breadth — VLM's Head of Trading Lucy Colleran previously worked at Citynet.

Emerging players

• Nexus Underwriting: Nexus Underwriting is a specialist MGA and London Market underwriting business. Partially comparable as a London Market specialty player, though it underwrites rather than places as a broker — useful adjacent reference for capacity providers.

Broad incumbents

• Howden Insurance Brokers: Howden is a large independent UK/EU insurance broker with significant London Market wholesale and specialty capability. Comparable because it serves retail brokers placing complex risks into Lloyd's and London Market across similar product lines.
• Marsh Specialty (JLT Specialty): Marsh Specialty, including the legacy JLT Specialty business, is one of the largest London Market specialty brokers globally. Comparable as a major incumbent offering wholesale placement across many of the same specialty lines (marine, motor, professional risks, property).

Market position

Strengths4 records

Weaknesses3 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/verlingue-london-markets

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 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 Verlingue London Markets