For traditional professions such as accountancy, architects and engineers
Liberty International Underwriters Europe (LIU Europe), a division of Liberty Mutual Group, has planned to target larger regional Professional Indemnity (PI) risks in the UK. LIU Europe’s existing book of primary PI risks will serve as a back up to this initiative.
LIU Europe will target a range of larger UK-based professional businesses writing primary PI cover for traditional professions such as accountancy, architects and engineers as well as newer growing areas such as management consulting. The push follows a succession of PI focused recruits over the last 18 months.
Richard Mason, UK regional PI manager of LIU Europe, said: “There is no doubt that the economic downturn has focused minds on the importance of getting the right Professional Indemnity cover in place. We have had enormous success with smaller professional businesses and given our recent expansion, it seems entirely appropriate that we now extend our successful model to larger businesses.”
Paul Kurgo, head of LIU Europe’s UK and Ireland commercial unit, said: “Through our offices in Bristol and Manchester we have developed a comprehensive suite of PI products and policy wordings suitable for the majority of the key professions in the regional marketplace. We look forward to working with brokers and their clients to bring our expertise to this wider professional market.”