Starpeak's First-Half Results for 2025: Continued Expansion
**Starpeak Launches New Insurance Products for Fast-Growing Microbusinesses**
Specialist insurance distributor Starpeak has made a strategic move by launching two new niche insurance products, Salons Insurance and Catering Insurance, targeting fast-growing microbusiness sectors in the UK.
The new offerings, unveiled in 2025, are designed to meet the unique risks and operational needs of salon environments and catering businesses, respectively. Salons Insurance is an extension of Starpeak’s existing business insurance for individual hairdressers and barbers, tailored to the specific risks of salon environments. Catering Insurance, a liability-led policy, includes optional cover for catering trailers, addressing the specific liabilities and operational challenges faced by mobile and fixed catering enterprises.
Starpeak's focus on fast-growing segments of the UK self-employed economy, such as microbusinesses, trades, sports, and leisure, is a strategic response to the significant growth in the UK self-employed market. The company reported a 24% increase in Gross Written Premiums (GWP) in the first half of 2025 compared to the same period in 2024, indicating strong market demand and successful product uptake. Starpeak is on track for a 22% growth by year-end, showing sustained momentum in its segment focus.
Julian Hucks, Founder and Managing Director of Starpeak, credits the company’s success to its ability to “act quickly, back bold ideas, and make protection more accessible” for often overlooked groups. This customer-centric and agile approach has been instrumental in Starpeak’s successful entry and expansion into niche markets.
In addition to its new product launches, Starpeak has also partnered with commercial insurer Peach Pi to co-create specialist insurance products for the micro and SME market. The company's commitment to intuitive journeys, reliable support, and evolving coverage for niche customers remains a core focus for the next 12 months.
Starpeak's current partnership with AXA XL's UK & Lloyd's business, which marks the 10th year of their partnership, underscores the company's stability and success. The company has maintained a stable headcount during its business growth, thanks to targeted in-house efficiency programs.
Andy Brownsell, Commercial Director, emphasizes Starpeak's dedication to delivering high-quality service and products while supporting strategic objectives. The company is poised to continue capitalizing on the growing demand for tailored insurance solutions in the UK self-employed market.
Financing plays a crucial role in Starpeak's growth, as the company reported a 24% increase in Gross Written Premiums (GWP) in the first half of 2025, indicating strong market demand and successful product uptake.
Starpeak's strategic focus on fast-growing microbusiness segments, such as salons and catering, is expected to drive further business events and financial growth, with the company on track for a 22% growth by year-end.
