Bspoke Group launch fee protection insurance division

Bspoke Group, the specialist insurance MGA group, today announced the launch of a fee protection insurance product for the UK accountancy industry.

As the first specialist provider to enter the UK fee protection market in the UK in recent years, Bspoke Fee Protection will offer comprehensive tax investigation insurance for UK accountants, providing businesses and individuals with financial protection and support services should they receive an HMRC investigation or dispute.

Kevin Igoe has been appointed in the role of Managing Director of Bspoke Fee Protection and will report to Nick Grazier, Managing Director of Bspoke Commercial.

“Kevin has a phenomenal reputation in the fee protection sector and it is great news for Bspoke Fee Protection that we have been able to appoint such a highly experienced individual. Kevin’s background and expertise means he is perfectly placed to grow this business into a highly respected and trusted brand within the accountancy industry,” Tim Smyth, Bspoke Group CEO said.

“We are confident Kevin will be a tremendous asset to the business as we continue to execute our strategic plan of niche and specialist insurance growth. The board wishes him every success.”

The Bspoke Group brings together a collection of multi-class niche and specialist MGA’s, each  clearly focussed on individual product specialisms and run by highly experienced and technically skilled underwriting teams. Their product range includes property, leisure, lifestyle, HNW, commercial and trades, haulage and transportation and they are able to offer distribution options for brokers, affinities and schemes.

Their structure and focus on IT and data enables the Group to operate as a ‘virtual insurer’, with full sales, underwriting, pricing, business intelligence and reserving capability, and is uniquely positioned to understand, manage and deliver superior performance outcomes for their business partners.

“Fee protection is a sector of the market that I have worked within for many years, and I am thrilled to be launching this product as part of the Bspoke Group. They are a forward-thinking organisation who are determined to help and support us grow into a major force in fee protection,” said Igoe.

“I think customer support and service levels have been lacking within the fee protection sector. We have an A rated insurer behind us and, combined with the knowledge and expertise of our Team, we are well placed to provide a superior product and level of service to our clients and customers.