cgice

What cgice does

CGICE (Casualty & General Insurance Company (Europe) Ltd) is a Gibraltar-domiciled, privately held insurance company founded in 2003 by Chief Executive Officer Danny Gibson. The company is authorised by the Gibraltar Financial Services Commission to underwrite multiple lines of insurance business into the United Kingdom, and since February 2023 also operates a Spanish branch authorised by the Dirección General de Seguros y Fondos de Pensiones (DGS) under Code E0253, with a wholly owned subsidiary 'Sucursal en España' focused on Spanish surety bonds. CGICE's parent is CG Holdings (Gibraltar) Limited, and it is a member of the Association of British Insurers, the Gibraltar Insurance Association, and ELTO.

CGICE's product portfolio covers (i) a 10-year UK Structural Defects Insurance book (latent defect / structural warranty for new builds, timber frame, barn conversions and distressed properties) written since 2014 via MGA Cadis; (ii) UK Pet Insurance underwritten through multiple consumer brands — Perfect Pet, Now Pet, Frank Pet and Napo — distributed via Tedaisy Insurance Group, Trusted Insurance Services and Napo Limited; (iii) Home Insurance distributed through FCA-authorised MGA One Click Cover; (iv) Spanish surety bonds; and (v) legacy EU books (France, Italy, Ireland, Norway) managed in controlled runoff following Brexit. The company exited UK Motor in April 2017 and Employers Liability in 2016. Distribution is exclusively intermediated: CGICE writes commercial liability, niche schemes and personal lines through MGAs and insurance brokers, with a dedicated broker/agent portal (cgice.iwcl.com) handling ELTO data submission.

The business model is standard insurance underwriting: CGICE collects premiums via distribution partners, prices risk on a quote-based / bespoke basis for high-risk occupations and niche schemes, and earns investment income on float in addition to underwriting margin. No proprietary technology platform is described in the source material beyond the broker/agent portal and ELTO integration. Approximately 17 named team members — including ACII-qualified underwriters from Lloyd's syndicates and personal-lines specialists from AXA and Aviva — support underwriting, finance, actuarial, compliance, and claims management functions in Gibraltar, Málaga, London, and Paris.

Name

cgice

Legal name

Casualty & General Insurance Company (Europe) Ltd

Website

https://cgice.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Gibraltar-based insurance underwriter founded in 2003, specialising in bespoke high-risk and niche UK insurance (structural defects, pet, home) and Spanish surety bonds, distributed exclusively through MGAs and brokers across the UK, Spain and EU runoff markets.

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)

akta.pro primary industry

Commercial General Liability (CGL) (FSAJADAA)

Keywords

• Specialty insurance underwriting
• Liability insurance
• Structural defects warranty
• Pet insurance underwriting
• Surety bond insurance

Headquarters

HQ city

Gibraltar

HQ country

Gibraltar

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premium Revenue: CGICE generates revenue by underwriting bespoke insurance policies across multiple lines including structural defects, pet insurance, home insurance, and Spanish bonds. Premiums are collected from policyholders via distribution partners and MGAs.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

CGICE is a Gibraltar-based specialty insurer underwriting bespoke insurance risks, principally UK commercial liability for high-risk occupations, 10-year Structural Defects (latent defect) insurance for new-build and distressed properties, pet insurance under multiple consumer brands, home insurance via a data-driven UK MGA, and Spanish surety bonds through its DGS-authorised branch. Policies are placed exclusively through Managing General Agents, brand partners and insurance brokers, with the company functioning as the risk carrier and underwriter behind those distribution brands.

Product overview

CGICE is a Gibraltar-based insurance company specializing in underwriting bespoke insurance risks throughout the UK. Founded in 2003 and authorized by the Gibraltar Financial Services Commission and the Spanish DGS, CGICE operates a multi-product portfolio including UK Structural Defects (10-year latent defect insurance), Pet Insurance (via partnerships with Tedaisy Group, Trusted Insurance Services, and Napo), Home Insurance (through One Click Cover), Spanish Bonds (with Spanish regulatory authorization since 2023), E.U. Business in Controlled Runoff (managing legacy EU portfolios from France, Italy, Ireland, and Norway post-Brexit), and Historic Books of Business (legacy Motor and Employers Liability insurance). The company focuses on high-risk occupations and niche schemes, writing liability business across various industries including contracting, recycling/waste, haulage, motor trade, manufacturing, leisure, wholesaling, transport, and office-based sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• UK Structural Defects Insurance 10-year structural defects insurance (also known as latent defect insurance or structural warranty) covering new builds, complete or partially completed builds, timber frame constructions, mixed-use projects, barn conversions and distressed (insolvent) properties. It covers major structural defects in materials or workmanship and is written for UK property owners and developers.
• Pet Insurance
• Home Insurance
• Spanish Bonds Surety bond business written for Spanish residents and businesses through CGICE's authorised branch in Málaga, Spain, operating under DGS Code E0253 since February 2023.
• E.U. Business in Controlled Runoff Runoff management of CGICE's legacy EU insurance portfolios in France (under ACPR French Brexit Ordinance), Italy (under IVASS), Ireland (under Central Bank of Ireland Temporary Run Off Regime, 15-year window), and Norway, with new business writing ceased in those jurisdictions.
• UK Commercial Liability for High-Risk Occupations Standard liability facility and bespoke scheme underwriting for UK businesses in high-risk occupations (contracting, recycling/waste, haulage, motor trade, manufacturing, leisure, wholesaling, transport and office-based industries) placed through insurance brokers; legacy books also included motor and employers liability (ceased 2016/2017).

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Dirección General de Seguros y Fondos de Pensiones (DGS) – SpaincoreOthers · 24 February 2023CGICE's Third Country license application with the Spanish regulator DGS was officially approved on 24 February 2023. This authorises CGICE to manage existing Spanish business and write new business through its branch 'Casualty & General Insurance Company (Europe) Limited – Sucursal en España', Code E0253, NIF W0092697B.
• TCS Claims (Motor Insurance Claims)minorOthers · 1 April 2017With effect from 1 April 2017, CGICE ceased writing UK Motor insurance. All motor claims enquiries are directed to TCS Claims at [email protected] or 0800 923 4221.
• Cadis MGA LtdcoreChannel Partner/ Reseller/ Distributor · 1 January 2014Cadis MGA Ltd is CGICE's Managing General Agent for UK Structural Defects Insurance. CGICE has been writing structural defects business since 2014 via this partnership. Cadis MGA Ltd works with IFS (an Appointed Representative of International Financial Security Limited, authorised by the FCA FRN No. 969653) for insurance services to the structural warranty market.
• Employers' Liability Tracing Office (ELTO)minorOthers · 1 January 2011CGICE is a member of ELTO and has been collecting data via their online platform since 2011. ELTO provides a tracing service to identify insurers of expired employers' liability policies via the Employers' Liability Database (ELD), required by FCA rules.
• Tedaisy Insurance Group (Perfect Pet and Now Pet brands)coreChannel Partner/ Reseller/ DistributorCGICE partnered with Tedaisy Insurance Group to underwrite pet insurance products via the Perfect Pet (perfectpetinsurance.co.uk) and Now Pet (nowpet.co.uk) brands.
• Trusted Insurance Services (Frank Pet brand)coreChannel Partner/ Reseller/ DistributorTrusted Insurance Services is a digital-first MGA supporting insurance innovation. CGICE underwrites their Frank Pet pet insurance products (frankpetinsurance.co.uk).
• Napo LimitedcoreChannel Partner/ Reseller/ DistributorNapo Limited is an up-and-coming pet insurance brand that focuses on providing advice and access to services to help prevent medical conditions that would give rise to claims. CGICE underwrites their pet products (napo.pet).
• One Click CovercoreChannel Partner/ Reseller/ DistributorOne Click Cover (OCC) is a UK-based FCA-authorised insurance MGA offering data-driven risk models backed by a strong home product. CGICE has engaged with OCC to provide home insurance coverage. OCC distributes via selected partners.
• Velocity Claims (Claims Management)minorOthersVelocity Claims provides claims management services for CGICE, referenced as an external link on the CGICE website.
• Gibraltar Financial Services Commission (GFSC)minorOthersCGICE is authorised and regulated by the Gibraltar Financial Services Commission. The GFSC is the regulatory body overseeing CGICE's Gibraltar operations.
• Association of British Insurers (ABI)minorOthersCGICE is a member of the Association of British Insurers (ABI), the leading trade association for the UK insurance sector.
• Gibraltar Insurance Association (GIA)minorOthersCGICE is a member of the Gibraltar Insurance Association (GIA).

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Travelers Companies: Major US-listed P&C insurer with a leading surety bond franchise and UK/EU commercial operations. Comparable on the surety line and as a broad incumbent in the specialty P&C space.
• Liberty Specialty Markets (Liberty Mutual): London-based specialty arm of Liberty Mutual Insurance Group writing property, casualty, marine, energy, surety and financial lines. Comparable as a large incumbent London-market underwriter with significant surety and specialty lines exposure.
• QBE Insurance Group: Global P&C insurer with established operations in Gibraltar and the UK underwriting specialty and commercial lines. Comparable as a larger incumbent in the same geographic footprint with overlapping specialty appetite.

Direct peers

• ManyPets: UK digital pet insurance provider underwriting via a carrier panel. Comparable as a UK pet insurance underwriter/distributor that relies on third-party carrier capacity — a parallel to CGICE's MGA-orchestrated pet model.
• Beazley plc: London-headquartered specialty insurer underwriting Lloyd's and US/EU specialty lines including liability, marine, political risk and property. Directly comparable as a UK-rooted specialty carrier serving complex commercial risks via broker distribution.
• Hiscox Ltd: Bermuda-listed specialty insurer with significant London and Gibraltar underwriting operations writing liability, marine, energy, professional lines and niche personal lines. Closely comparable as a specialist broker-distributed carrier in the UK and EU.
• AmTrust Financial Services: Specialty P&C insurer focused on small commercial, workers' compensation, surety and specialty programs. Comparable as a specialty carrier writing niche and program business through distribution partners.
• Aspen Insurance Holdings: Specialty P&C and reinsurance group with London underwriting operations writing liability, professional lines, marine and surety. Comparable as a London-market specialty carrier with multi-line portfolio and broker distribution.
• WR Berkley Corporation: US-listed specialty insurance group operating through decentralized operating units writing niche liability, professional lines and specialty P&C. Comparable as a multi-unit specialty underwriter pursuing differentiated niche risks via broker distribution.
• Markel International: London-based specialty insurer (part of Markel Group) writing professional indemnity, liability, marine, energy and credit/surety lines via broker distribution. Comparable profile as a specialty, broker-distributed carrier with multi-line appetite.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 cgice