MUM boosts underwriting team with the acquisition, which includes a new Scotland office
Manchester Underwriting Management (MUM) has bought the portfolio renewal rights of professional indemnity MGA Pinpoint Underwriting.
As part of the deal, Pinpoint’s underwriting team will be joining MUM with immediate effect – this includes the business’s founder Scott Ruff, who worked at Aviva before setting up Pinpoint.
Also moving across to MUM are senior underwriters Roger Wallace and Brian Kerrigan.
Pinpoint specialises in the UK professional indemnity market.
Commenting on the purchase, MUM chief executive Charles Manchester said: “Manchester Underwriting Management is about providing quality products, fantastic service and first-class security. Our underwriters make decisions and we provide a great claim service.
“It is great to have Scott and his team on board; they have a great reputation and are respected and well known in the market. Their approach to underwriting fits with the MUM ethos. Scott and the team will only strengthen MUM.”
Ruff, who has more than 35 years of industry experience, described the deal as a “perfect fit”.
He added: “It has been a pleasure working with the team over the last seven years to create, develop and build Pinpoint into the success it is today.
“However, when the opportunity was presented to become part of the Manchester Underwriting Management team, it was a perfect fit for the Pinpoint team to join a much larger, progressive organisation with a similar underwriting philosophy and who understands the importance of good customer service and broker relationships.
“We look forward to our new journey with MUM and continuing to give a great service to our existing customers and developing new relationships.”
As part of the acquisition, MUM will retain Pinpoint’s Perth office in Scotland. MUM currently has existing offices in London, Bristol and Leeds.