Manchester Underwriting Management buys Pelican

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Manchester Underwriting Management (MUM) has bought solicitors’ professional indemnity (PI) specialists Pelican Underwriting from Asta Capital.

The deal, first revealed by Insurance Insider, marks MUM’s entrance into the solicitors’ PI market.

Charles Manchester, CEO of MUM, told Insurance Age that all staff will remain with the firm but will relocate to MUM’s office on Lime Street in London.

It is targeting £10m of business in the next 12 months.

MUM’s most recent purchase was Senior Wright

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