Magian appoints board.
Magian Mutual, the new insurer set up to provide independent financial advisers with professional i...
Magian Mutual, the new insurer set up to provide independentfinancial advisers with professional indemnity cover, has gained
authorisation from the Financial Services Authority and appointed a board
of non-executive directors.
Magian Mutual will be managed by Magian Underwriting, a trading name of PI
Direct, and will operate as a self-insuring club.
Policyholders will automatically become members of the mutual and pay a
premium set by Magian Underwriting. A membership levy of 16% premium will
also
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