Rate Reductions Introduced Across Selected Retail Trades

We are pleased to announce the introduction of targeted rate reductions across a number of trades within our Retail product.

Following detailed portfolio analysis and performance review, we have identified specific sectors where strong claims experience and stable results support a refinement of our rating structure. These adjustments enhance competitiveness in selected areas while maintaining underwriting discipline.

Trades Included

Rate reductions apply across a range of retail sectors, including:

• Butchers and Fishmongers
• DIY Retailers
• Lighting Retailers
• Musical Instrument Retailers
• Office Furniture and Office Supplies Retailers
• Opticians
• Tableware and Trophy Retailers
• Farm Produce Retailers
• Ceramics & Pottery
• Furniture Retailers
• Frozen Food Retailers
• Hobby & Model Retailers
• Maternity Wear Retailers
• Sportswear Retailers (subject to alarm requirements)

These changes reflect a data-led approach to portfolio management, enabling us to respond to performance trends in a measured and sustainable way.

A Disciplined, Data-Driven Approach

Our Retail product continues to cover a broad range of risks across the sector. By regularly reviewing underwriting performance, we are able to identify areas where pricing improvements are appropriate and sustainable, ensuring long-term stability within the portfolio.

This approach allows us to:

• Deliver improved competitiveness in well-performing sectors
• Maintain underwriting consistency and discipline
• Support brokers across a wide spectrum of retail trades

Ready to Quote?

If you have retail clients operating within the affected trades, now is an ideal time to approach us.

Submit your next case via the portal or speak with the underwriting team to discuss how we can support you in securing the right outcome.

All policies are supported by A-rated capacity, providing confidence and security for both you and your clients.

Find out more about our retail product