MGA appoints Liberty veteran as new PI leader

Folgate Underwriting Agency has appointed Paul Freeman as its new chief underwriting officer for the professional indemnity (PI) team and business line.

Freeman joins the MGA from Liberty Specialty Markets, where he spent 17 years within the PI team. His most recent role was as PI underwriting manager for SME and mid-market, through which he oversaw the growth of the underwriting team across London, Bristol and Manchester.

Folgate said that the appointment would bring extensive “sector expertise and strong broker relationships” to the firm’s growing PI business, with Freeman also having previously served as chair of the Professional Indemnity Forum (PIF).

His appointment also supports the launch of a new PI product for financial advisors and mortgage brokers, which Freeman will be responsible for leading on. 

At the beginning of the year, Folgate announced that it had secured new long-term primary and excess capacity from International General Insurance Company UK, having set a goal to expand across the business line.

Best-in-class 

Ian Russell, chief executive at Folgate, said: “I am delighted to welcome Freeman to Folgate. He is a highly respected underwriter, recognised as best-in-class within the financial advisors and mortgage brokers marketplace, and brings significant experence across the general professions sector. 

“With his leadership qualities, he will play a pivotal role in shaping and expanding our portfolio in the years ahead, ensuring we continue to build a proposition anchored in expertise, discipline and strong broker relationships.” 

Freeman added: “Folgate has built a strong reputation for underwriting discipline and performance and the opportunity to lead the PI team as we launch our new financial advisors and mortgage brokers product presents an exciting opportunity to build something truly market leading.”