Globe Underwriting, a UK-based managing general agent (MGA), has launched its first professional indemnity (PI) proposition as part of its newly created financial lines division.
The launch represents a key part of Globe’s strategic growth plans to expand into the financial lines market, which will also cover future products such as management liability and financial institutions insurance.
The company has appointed Paul Nolan as head of financial lines and Kiran Wignall as underwriting manager for professional indemnity, both joining immediately to lead the division’s growth.
Nolan, with over 20 years’ underwriting experience including senior roles at AIG and Probitas Syndicate 1492, will oversee the division’s underwriting strategy and portfolio management. Wignall, who has 12 years of specialist PI experience from AGCS and Hiscox, will manage underwriting strategy and profitability for the new PI portfolio.
On his appointment, Nolan said, “Globe is at a dynamic stage in its growth, and the opportunity to build a new financial lines division from the ground up is an incredibly appealing one. Being able to shape the strategy, recruit top talent, and work within such a fast-paced and entrepreneurial environment with a clear mandate for growth is extremely compelling. I’m looking forward to building a strong, collaborative underwriting culture and getting our initial professional indemnity team fully operational.”
The new PI product went live in July and aims to deliver expert-led, service-driven solutions to meet the needs of professional services firms requiring liability coverage for advice and services.
This move reflects Globe Underwriting’s commitment to expanding specialist capabilities and enhancing its service offering to brokers and clients in the financial lines sector.
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