Guarded for a reason
As a FSP the FAIS states you cannot "slate" another FSP
As they are a "UMA", and yes very innovative, we would not put them on a preferred suppliers list as they are judged purely on bottom line and as history shows if they have a bad year the whole book normally gets punished and not just the individuals -broad brush approach.
We, traditional underwriters, prefer to act only on "bad clients". A UMA is under contract to the "Mother Insurer" to produce a certain profit and if this is not achieved then they tend to act erratically thereby punishing the innocent as much as the guilty. One also sees this with very large insurers with poor systems and lack of mechanisms to filter out the bad risks and especially when there is no broker to fight for the clients individuality.