Ink founders quit Giles to launch new MGA

Keith Syrett and Philip Thomas, the two founders of Giles-owned underwriting agency Ink, have left to form a new company, Insurance Times can reveal.

The pair have created Thames Underwriting Ltd, which will write general liability in contractors and manufacturing, professional indemnity and excess of loss, and is targeting £3m GWP in the first year.

Thomas told Insurance Times that the agency, which is backed by a capacity provider with a top tier debt rating, would not compete with Ink.

For the full story, read this week's issue of Insurance Times, out tomorrow or online today.