GENERATION UNDERWRITING MANAGEMENT LIMITED
Company number 06988944 · Monitor this company
Executive summary
Generation Underwriting Management Limited operates as a specialized Managing General Agent within the UK non-life insurance sector, generating revenue through commission on premiums rather than risk-bearing underwriting. The company has delivered strong relative performance in 2024, growing net assets by over 20% and significantly increasing its cash position, driven by the ongoing hard insurance market which has inflated premium volumes and corresponding commissions. While the core MGA operations are profitable and well-capitalized, the business carries a notable contingent risk via a cross-company guarantee for its parent company's bank borrowings, tying its financial security to the broader group's stability.
Shareholders' funds
£578,738
Balance sheet as at 2024-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2009-08-12
- Employees
- 14 (2024 accounts · was 12 in 2023)
- Registered office
- 7th Floor, The St Botolph Building, 138 Houndsditch, London, England, EC3A 7AW
- Postcode
- EC3A 7AW
- Capital
- 100 GBP
- Accounts category
- Small
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-07-30
- Next due by
- 2027-08-13
Nature of business (SIC)
- 65120 Non-life insurance
Officers 3 current · 11 resigned
Data protection registration
Registered with the ICO as a data protection fee payer — Z1982497 (Tier 1), registered since 2009.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- generationunderwriting.com
Previous registered addresses 2
| Address | Changed on |
|---|---|
| 103 CALBOURNE ROAD, LONDON, SW12 8LS | 2021-02-03 |
| SUITE A ELDDIS BUSINESS PARK FINCHALE ROAD, PITY ME, DURHAM, DH1 5HE | 2014-06-23 |
Competitors London
-
2. USAA LIMITED
This company ranks 78 among non-life insurance in London.
The class of 2009
41%
of the 289 companies in this sector incorporated in 2009 are still active today; 57% have since been dissolved.
A fact about the year, not a forecast for this company.
This company's registered activities are in financial services. If it carries on regulated business, it should appear on the FCA's Financial Services Register — the official record of authorised firms.