£5m capacity for Lloyd's brokers
Dual Corporate Risks has secured new capacity for underwriting broker’s professional indemnity cover.
The £5m liability capacity, provided by AmTrust Group, is for Lloyd’s brokers and also for UK and International brokers with incomes in excess of £5m.
Jennifer Martin, underwriting director at Dual, said: “In the past, DUAL has underwritten PI cover for a limited range of insurance brokers but this new capacity opens the doors to much bigger risks.
"Having personally underwritten Professional Indemnity for Lloyd’s Brokers for over ten years I am pleased to bring DUAL into this market place."
She added: “Many brokers now place their own cover directly in contrast to using a specialist broker and I have developed a strong connection with many of the brokers in this market over the years. Our approach at Dual will be to underwrite brokers individually, evaluating the risks on a case-by-case basis."