UK Underwriter APC Forms Professional Indemnity Team; Launches New Products

May 1, 2014

UK-Based commercial insurance underwriting agency APC announced the launch of its dedicated Professional Indemnity (PI) underwriting team and an expanded Professional Indemnity portfolio of products.

“The new team provides brokers with access to experienced PI underwriting resources and includes Paul Todd and Jamie Cowley,” said the bulletin.

Todd is a Senior PI Underwriter with 20 years’ experience in the PI market. Prior to joining APC he worked at AIG dealing with PI and D&O insurance.

Cowley joins APC as a Senior Underwriter from QBE. He has over 10 years of underwriting experience within the UK PI market including roles with Brit Insurance and Zurich.

“The new Excess of Loss PI product is available on-line immediately and will sit alongside APC’s existing Mortgage & Finance Intermediaries PI scheme. Excess of Loss policies can be obtained for a wide range of trades including Accountants, Architects & Engineers, Design & Construction, Estate Agents, IT, Insurance Brokers, Marketing & Media, Recruitment Consultants, Solicitors, Surveyors and Miscellaneous business.

“APC’s new Primary product is available off-line from today covering and the same businesses as Excess of Loss other than Surveyors and Solicitors.

APC’s Chief Underwriting Officer Ian Russell commented: “We have invested in a strong PI team who will be able to respond to brokers PI needs. I know both Paul and Jamie will be an asset to APC and our supporting brokers.

“I am delighted with the new on-line Excess of Loss product which will give brokers the turnaround they tell us they need for this type of cover. We will launch the Primary product on-line by the end of 2014 to complete our PI on-line offering.”

Source: APC

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