Commercial insurance brokerage and underwriting agency Yutree has partnered with niche commercial insurer Peach to introduce a property owners binder.
The product expands on Yutree’s existing property cover binder, launched almost two years ago with capacity from Peach, and is aimed at meeting demand from brokers who require swift cover or have risks that do not fit the conventional market.
Both firms operate with an emphasis on customer-focused solutions for SME clients, adapting products to suit specific needs and pursuing growth through collaborative partnerships.
Yutree managing director Laura Hancock (pictured above) said the partnership with Peach for the original property binder came together at short notice, with Peach able to meet capacity needs quickly and provide ongoing support.
“Peach really understands what we are trying to achieve and, thanks to regular conversations about the business and how we can push the parameters, we identified the scope for collaborating on the property owners binder,” Hancock said.
The launch forms part of Yutree’s broader growth plans for its underwriting division following its management buyout in April. Following its management buyout, Yutree transitioned to independent ownership under Laura Hancock and Kevin Hancock.
The move came during a period of reduced mergers and acquisitions activity among UK brokers, with 35 deals recorded year-to-date as of April 2025 – a 26% decrease compared to the same period in 2024.
While many firms have opted to join larger groups, Yutree said that its decision to remain independent aligns with a strategy to retain autonomy over operations and client service.
Post-MBO, the business has implemented a series of organisational changes, including appointing a non-executive director, preparing for the opening of a Norwich office to expand its East Anglia presence, hiring a business development manager, and promoting Becky Glover to director of finance and technology.
“We’re looking to revolutionise our underwriting capabilities through the introduction of new technology. This exciting development will be key to growth and support products like property owners, offering our broker partners the facility to self-serve on certain business,” Hancock said.
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