Underwriting agency launches product for mortgage and finance intermediaries

APC Underwriting has moved into the professional indemnity (PI) insurance market and launched a product to protect mortgage and finance intermediaries.

The PI product is available to APC’s UK broker network through e-trading platform QuoteMac. It will cover mortgage and finance intermediaries’ normal work, but will also extend to cover non-investment insurance such as personal lines business and property owners.

APC underwriting director Ian Russell said: “I am pleased that the first PI product is within a niche marketplace which shows our continued support in providing an easy solution to risks that are sometimes more difficult to place.”

The underwriting agency plans to launch more PI products this year.