Purbeck expands team as demand for personal guarantee insurance hits record high

Purbeck Insurance Services, the UK’s only provider of personal guarantee insurance, has announced a significant expansion of its underwriting, claims, and business development teams following a surge in demand for its specialist product.

Over the past 12 months, the company has seen an 18% rise in enquiries from small business owners and company directors seeking protection against the risks associated with personal guarantee-backed loans. July 2025 marked a standout milestone for the business, delivering a 58% increase in gross written premiums (GWP) compared with July 2024, the highest monthly growth since the company’s inception.

To support this accelerating demand, Purbeck has welcomed three new hires:

Chloe Meadows joins as an Underwriter, bringing a decade of financial services experience.
Heather Bruck strengthens the claims team as a Claims Handler, working alongside Claims Manager Nick Linacre.
Josh Wilson steps in as Business Development Manager, leveraging his background in insurance broking and financial advice to guide business owners and directors on protecting personal assets when entering personal guarantees.

Commenting on the expansion, Todd Davison, Managing Director of Purbeck Insurance Services, said:

“The addition of three talented team members marks another significant milestone in what has already been an incredibly productive year for Purbeck.”

“Over the past 12 months, we’ve moved into new offices, grown our team to almost twenty, and been shortlisted for two prestigious industry awards recognising our claims expertise.

“The hard work of our team, combined with the continued support of Markel, our capacity provider, has enabled us to meet the rising demand for personal guarantee insurance — and in turn, help drive growth for SMEs across the UK. We’re proving that MGAs with niche propositions can have a strong future in the UK insurance market.”

Purbeck’s growth reflects a broader trend of business owners seeking greater financial security amid challenging economic conditions. With more lenders requiring personal guarantees for business loans, demand for solutions that protect directors’ personal assets is expected to remain strong well into 2026.