D&O specialist to underwrite up to £10m
D&O specialist, Angel Underwriting has announced it will be providing D&O and PI liability cover through Catlin Insurance Company.
The move will see Angel able to increase its cover available for D&O to £10m, and include options for entity and employment practices liability. Mark Shreeve, Angel CEO, commented: "The new partnership with Catlin is the biggest development since Angel's formation and will act as a springboard to both increase Angel's business and products offered.
"From now on Angel will be able to consider package business which requires public and employer's liability as well the professional lines to be underwritten. And for the first time utilise Angel's advanced online quoting and binding technology with multiple product lines."
Catlin Insurance Company chief executive Andreas Loucaides welcomed the partnership with Angel Underwriting. "In a short space of time, Angel has grown to become recognised as one of the leading lights in the ever-expanding D&O market in the UK.
"It was clear from our discussions that this partnership creates significant mutually beneficial opportunities for Catlin and Angel. We are looking forward to working with the Angel team," said Mr Loucaides.
Angel has launched a new website and broker portal which not only enables brokers across the UK to quote and bind online but also provides them with their own dedicated broker portal, enabling them to see and manage all of their D&O and PI business securely directly from their desktop 24 hours a day.