MGA expands PI offering into London market

Specialist MGA Euna has expanded its professional indemnity (PI) offering to the London Market.

In this offering, the firm provides a new route to underwriting bespoke cover for professionals in sectors such as construction, architecture, engineering, surveyors, IT, Media and accountancy.

Currently, Euna underwrites commercial insurance across a range of specialist classes including property and casualty, recruitment, professional indemnity, surety bonds and medical malpractice.

Pete Newson, head of PI underwriting at Euna, said: “Over the last decade, Euna has established itself as a leading player in the professional indemnity market.

”This move marks the next phase of our growth journey, enabling us to scale our business while increasing our value to new and existing broking partners by providing more sophisticated placement options.”

Complementary structure

Trading since 2014, Euna is built on an underwriter-first model that is suited to the more complex risks that come into the London Market.

Its structure allows a flexible approach to building solutions for more complex risks within an underwriting class that has seen significant changes to the pattern of claims and pricing over the last few years.

Newson added: “As we expand, our focus remains on delivering solutions that meet the evolving needs of professionals across the UK.

”The London Market’s innovative and collaborative environment will allow us to underwrite more complex risks, develop more dynamic products, and stay agile as new challenges emerge.”