PYV expands PI capacity in Chubb deal

PYV already acts as brokers to around 25% of the directly regulated intermediary sector but the deal has been signed just as other insurers are returning to the market, says PYV. New of fresh PI capacity couldn't come at a better time for financial intermediaries as it is at this time of year adviser firms have to renew their current arrangements and if necessary find new, better premium deals to ensure they sufficient professional indemnity insurance for regulatory rules. The Financial Services Authority’s approach to tackling the PI problem is perhaps why many insurers are now retur...