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PI Direct has acquired the established professional ..

PI Direct has acquired the established professional-indemnity (PI) provider for independent financia...

PI Direct has acquired the established professional-indemnity (PI) provider for independent financial advisers (IFAs) Magian Underwriting Agency, and together they have created a Financial ServicesAuthority-authorised mutual named Magian Mutual. The aim of the venture is to provide new PI capacity exclusively for IFAs.

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Interview: Allianz’s chief distribution officer Nick Hobbs

Nick Hobbs, chief distribution officer at Allianz UK, tells Insurance Age about the importance of the provider’s regional footprint now including broker hubs, the challenges of the soft market and its MGA appetite as well as the ongoing investment in technology and goals for 2026.

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