Addept Insurance has entered into the legal expenses insurance market with the launch of two products. One is aimed at landlords and recognises the market changes set out in the Renters’ Reform Bill. The other is for police officers and their families. Addept launched in 2024 and specialises in ancillary insurance solutions. Irwell Insurance Company, rated B++ by AM Best, is providing capacity for the products.

Richard Finan, managing director of Addept Insurance, said: “Our entry into LEI is a natural progression for us. It is a market that has experienced challenges ranging from a lack of customer understanding around the product to the regulator’s focus on fair value and low levels of utilisation.

“The team’s significant experience and expertise in the market, combined with our focus on solving problems, addressing gaps and responding quickly to market and regulatory changes, has enabled us to take a more innovative approach to meeting the needs of today’s insurance customers.

“The initial response from the market has been very positive and we have been able to secure several contracts with MGA and broker partners.”