Liberty International Underwriters Europe has announced an initiative to target larger regional Professional Indemnity (PI) risks in the UK. The move will build on LIU Europe’s existing book of primary PI risks and reflects the success the company has so far achieved in writing cover for this critical business protection.
LIU Europe will target a comprehensive range of larger UK-based professional businesses with an annual fee income of up to £20 million, writing primary PI cover for traditional professions such as accountancy, architects and engineers as well as newer growing areas such as management consulting.
The push follows a succession of PI focused recruits over the last 18 months who have significantly expanded the company’s resources in this area and increased the available regional expertise.
Commenting on the move, Richard Mason, LIU Europe’s UK Regional PI Manager, said: “There is no doubt that the economic downturn has focused minds on the importance of getting the right Professional Indemnity cover in place. We have had enormous success with smaller professional businesses and given our recent expansion, it seems entirely appropriate that we now extend our successful model to larger businesses.”
Paul Kurgo, Head of LIU Europe’s UK and Ireland Commercial Unit added: “Through our offices in Bristol and Manchester we have developed a comprehensive suite of PI products and policy wordings suitable for the majority of the key professions in the regional marketplace. We look forward to working with brokers and their clients to bring our expertise to this wider professional market.”
