Real Estate Firm Yutree Joins Forces with Peach in Venture for Properties
Yutree Partners with Peach to Launch Property Owners Binder
Yutree, a commercial insurance brokerage and underwriting agency, has teamed up with niche insurer Peach to launch a new Property Owners binder. The partnership, announced ahead of the BIBA Conference in May, is set to offer a flexible and rapid insurance solution for property risks that are difficult to place in traditional markets.
The Property Owners binder is a natural evolution for Yutree in the property space, building on an existing property cover binder launched nearly two years ago, which also featured capacity from Peach. This new offering aims to provide brokers with tailored and responsive coverage for SME clients, adapting products to specific broker needs through collaborative efforts.
Peach director of commercial Ryan Bendelow emphasized their role as a niche insurer in covering risks that fall outside typical e-trade models or are too small for larger insurers’ delegated arrangements. This agility allows them to serve underserved market segments alongside Yutree. Peach's customer-centric approach, with a focus on agility and flexibility, aligns well with Yutree's business aspirations for organic growth delivered through great partnerships, great service, and great customer-driven products.
The partnership comes as part of Yutree’s broader growth strategy for its underwriting division following its management buyout (MBO) in April 2025, which transitioned the company to independent ownership under Laura Hancock and Kevin Hancock during a period of reduced mergers and acquisitions activity in the UK broker market.
Yutree has also partnered with AXA for a new Media/TV Cover, leveraging its 12-year history of helping brokers and their media and entertainment clients navigate challenges. Both businesses share an attitude to risk and an interest in backing brokers looking for partners to support products which other, larger insurers might not have an appetite for.
The new Media/TV Cover was highlighted during the pandemic due to the important economic contribution and particular insurance requirements of firms in this sector. Yutree Underwriting has also launched a new member scheme targeting firms operating in the media and entertainment sector, aiming to help brokers and their clients deal with unprecedented disruptions caused by the pandemic.
In conclusion, the new Property Owners binder partnership between Yutree and Peach provides brokers with a flexible, rapid insurance solution for property risks that are difficult to place in traditional markets, supporting SME clients with tailored and responsive coverage. The partnership is a testament to Yutree's commitment to providing innovative solutions and its focus on organic growth delivered through great partnerships, great service, and great customer-driven products.
[1] Insurance Age - Yutree launches Property Owners binder with Peach [2] Post - Yutree and Peach partner to launch new Property Owners binder [4] Insurance Business - Yutree and Peach partner to launch Property Owners binder
- The partnership between Yutree and Peach in launching the Property Owners binder showcases a shared finance and underwriting opinion, as both parties seek to provide innovative insurance solutions for business challenges that traditional markets find difficult to address.
- The flexible and rapid Property Owners insurance solution offered by the Yutree-Peach collaboration caters to the specific needs of SME clients, while also reflecting an alignment of business aspirations, focusing on agility, flexibility, and customer-driven products, as well as organic growth through strategic partnerships.
