Aqueous expands UK Professional Indemnity insurance offering
An uplift in capacity enables Aqueous to offer a one stop shop for brokers looking to place PI cover writes Chief Underwriting Officer Mark Ford
Helping our brokers to place risks sits at the heart of our business and that is why we have secured increased capacity so that we can offer cover for limits up to £10m, on either a primary or excess layer basis, or a combination of both.
This uplift in capacity means we can now offer brokers a one-stop shop for their clients, and provide more comprehensive programmes, such as, multiple coverage layers, and excess of loss capacity for risks.
This new excess layer capacity has been secured through the addition of Great American International Insurance (UK) Limited to our existing panel of providers and follows on from a year of rapid growth in 2021 at Aqueous Underwriting, which saw our PI premium capacity rise from £15m to £27.5m. This is an exciting development for Aqueous at a time when the PI market overall is suffering from restricted capacity, with many providers pulling back from the sector. Extending our capabilities with the ability to write with a larger line-size, and an increased income threshold, has enabled us to offer our brokers an enhanced proposition for their clients.
We now have five “A” Rated capacity backers, providing our brokers and their clients with a quality offering, which satisfies all of their purchasing requirements in a one-stop shop.
Find out more about our Professional Indemnity product here.
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