Specialist liability insurer, PRI (Professional Risks Insurance Ltd) has commenced trading following a successful floatation.
PRI has started underwriting risks and dealing in legal expenses, medic ...
Specialist liability insurer, PRI (Professional Risks Insurance Ltd) has commenced trading following a successful floatation.
PRI has started underwriting risks and dealing in legal expenses, medical malpractice and general liability. The company is capitalised at over £140m following a successful stock market floatation which raised £125m.
Trading has been hastened by favourable conditions in the professional liability sector. While its competitors struggle against a backdrop of reduced capacity, PRI aims to take advantage of buoyant market premiums.
Chief Executive Andreas Loucaides said: "I believe that the group is now well positioned to take advantage of the recent trends within the insurance industry.
He added: "PRI has enjoyed a very positive response from the broking community since its floatation, which augurs well for our immediate trading prospects."
