Addept Insurance enters legal expenses insurance market

The first of a new suite of LEI products launch today

8 April 2025 - Addept Insurance Services (Addept Insurance) has today announced the launch of the first of a new suite of legal expenses insurance (LEI) products.

The firm, which launched in 2024, provides a diverse range of ancillary insurance solutions designed to address the evolving needs of customers and to support brokers and other intermediaries to respond to the changing risk and regulatory environment in today’s insurance market.

The first two LEI products are:

• Rent Protect ‘Essentials’: A low-cost and Renters’ Reform Bill ready legal expenses and rent guarantee insurance for landlords, and,

• Officers’ Legal Protection: Dedicated and enhanced legal expenses insurance for police officers and their families.

A feature of the products is the launch of Addepts’ claims portal which enables policyholders to submit their claims digitally via their mobile devices.

Addept Insurance has already secured schemes for both new products including providing Officers’ Legal Protection to over 50,000 Police Federation members in England and Wales [1], representing over 35% of total Federation membership, and Rent Protect for over 4,000 residential tenancies.

Capacity for the products is being provided by Irwell Insurance Company (Irwell Insurance) a leading AM Best B++ (Good) rated specialist legal expenses and liability insurer.

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.”

Commenting on the partnership with Irwell Insurance, Richard Finan said: “We have found a capacity provider that understands our approach and shares our commitment to deliver best in market LEI products through a diverse range of insurance distribution channels and their customers.”

Giles Reading, CEO of Irwell Insurance, said: “We are delighted to be working with Addept Insurance who share our extensive knowledge and experience in the LEI market. This, together with their focus on innovating the market and delivering relevant and fair value products, makes this an exciting business partnership as both companies continue to grow.”

AM Best recently revised its outlook for Irwell Insurance from stable to positive for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ (Good).

Addept Insurance is planning to further expand its legal expenses portfolio with new products in the leisure, personal, motor and SME sectors in 2025.

Richard Finan said: “Our first LEI products were built on the strong foundations we created following our launch in 2024. We will continue to build on this success by remaining focused on our commitment to only design and deliver solutions where we can address gaps and solve problems for customers while continuing to ensure we are delivering value.

“Our independence and our hybrid operating model enable us to work with a broad range of capacity, distribution and strategic partners to ensure we continue to deliver the right solutions to meet the needs of our clients' and their customers.”