Magian Mutual set to hit £15m premium target
After only three months of trading Magian Mutual, the professional indemnity provider for IFAs, is o...
After only three months of trading Magian Mutual, the professional indemnity provider for IFAs, is on course to meet its first-year target of £15m of premium income after receiving 128 orders and 860 enquiries to date.
Michael Wood, chief executive of PI Direct - the company which, through its trading name of Magian Underwriting, is manager of the mutual, which has own board of directors, said: "The whole process is very selective as we are using the criteria that Magian has used in the past. The
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