Coverage is for risks with fee income of less than £35m
Lloyd’s insurer Beazley has signed a deal to provide UK professional indemnity (PI) capacity to underwriting agency Evolution’s panel of brokers.
The capacity will be for UK-based PI risks with a fee income of less than £35m.
Beazley underwriter Colin Masson said: “This partnership enhances our UK distribution for small and mid-sized risks, as well as providing a world-class operating platform through which to access business.
“The feedback we have received from brokers that trade with Beazley has been extremely positive about the new arrangement.”
Evolution Underwriting chief executive Paul Upton added: “We have been looking to expand our footprint in the professional lines sector and we have found the ideal partner.
“This is a new and exciting way for our brokers to access a leading specialist in this area and by bringing the usual Evolution service proposition to the table we have created something genuinely unique.”
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