The product is available to asbestos removers, demolition contractors, surveyors, general building firms, and allied trades.
The buy takes Pen Underwriting’s GWP up to £700m.
Deal brings 50 staff and £60m in GWP to the Gallagher-owned MGA.
According to the MGA, the policy was designed as a response to insurers’ requirements of personal guarantees for run off claims.
Managing director Richard Talbot-Jones tells Insurance Age about how the broker's recent deal for March Insurance Services came about and details his plans for the future.
Deal for Dublin-based Brassington Insurance is consolidator's sixth in the Republic of Ireland this year.
Acquisition provides further entry into Ireland and expands specialty expertise for the US headquartered business.
CEO Robert Organ highlighted how recent buy, PI specialist Insure Risk, was a good fit for the business and chats through its move to join Jensten.
Deal includes Tasker Insurance Brokers, Tasker & Partners, and Gresham Underwriting and brings £50m GWP to Jensten.
The broker will continue to deliver professional indemnity support to members for the next three years amid “challenging conditions”.
MGB's Nick Bender discusses what the recent implementation of PI rules for fire safety cover introduced by RICS mean for the insurance industry and why fire safety insurance cover is the biggest issue facing the construction PI market.
As the cost of PI soars, and insurers exit the market, Biba panellists call for brokers and insurers to collaborate to ensure customers get value.
The FCA’s Matt Brewis discusses product value, business interruption insurance and the test case, challenges around PI and why the time is right to focus on cyber insurance.
Consolidator says the PI specialist broker will be integrated into its Guernsey-based business as it plans to expand across the Channel Islands.
MGA says new offering is launched in response to rising rates and concerns about availability and affordability of cover after several providers introduced Covid-19 exclusions.
The new e-trade offering, sold via brokers, provides cover for freelancers and small businesses in allied health professions such as audiologists, chiropodists and opticians, as well as complementary therapy, beauty and fitness.
PI and property rates were hit hard following the Grenfell fire horror. Martin Friel investigates the wider insurance implications but is met with deafening silence from providers as brokers sound the alarm.
Managing director Richard Willis tells Ida Axling about the broker’s acquisition and growth plans and reveals the thinking behind launching a new MGA offering.
New offering, which is distributed via brokers, will see Inperio offer reduced premiums for firms using Thirdfort's digital ID platform, with the aim to cut the risk of identity fraud.
Hera Indemnity, which specialises in professional indemnity insurance for solicitors and brings GWP of £41m, will become part of Ardonagh Advisory alongside brands including Ethos Broking, Broker Network, Compass UK and Towergate's regional branch…
MGB’s Nick Bender considers the evolution of the PI market and predicts how the space will look in future.
CEO Max Carter and head of UK Broking Tom Malcolm discuss the Lloyd's broker's new venture and why they hope to partner with regional brokers.
The product is available to UK brokers and aimed at SMEs and the self-employed.
Research from Premium Credit shows over half of SMEs have stopped paying for covers including employers' liability and professional indemnity as well as business interruption.