A mutual has been established to provide professional indemnity (PI) cover to intermediary businesse...
A mutual has been established to provide professional indemnity (PI) cover to intermediary businesses. Following FSA authorisation, Magician Mutual began trading last week. Underwriting agency PI Direct acquired the intermediary PI provider, the Magian Underwriting Agency, to provide a PI capacity exclusively to intermediaries. It has subsequently become a mutual.
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