MGA expands PI capacity to £10m through new deal

NBS Underwriting has expanded its professional indemnity (PI) capacity through a new partnership with AmTrust Specialty.

The new facility enables the MGA to provide PI placements of up to £10m, combining the AmTrust £5m excess layer with its current £5m primary capacity, which is supported by Hadron or Accelerant. 

The deal means brokers can now access a combined primary and excess layer PI programme through one provider, a single underwriting contact for the full placement and reduced referral stages and associated delays.

The enhanced PI facility is available immediately across NBS Underwriting’s existing PI appetite.

’Efficient process’

It comes following feedback from brokers highlighting the challenges of placing separate excess layers in the market, particularly for 5×5 structures.

By incorporating the excess layer within its own capacity, the MGA is aiming to simplify what has traditionally been a fragmented process.

Teresa Yardley, head of PI at NBS Underwriting, said: “This additional capacity strengthens our ability to support brokers placing higher PI limits by simplifying the overall structure of the placement.

”By placing both layers with NBS, we can offer a more efficient process and greater continuity across the programme, helping brokers secure the cover their clients require with less complexity.”