New MGA seeks to streamline professional liability coverage

ProFinity Insurance Services, a new specialty MGA led by former Lloyd’s of London executive Ravi Uthayashanker, has launched to offer wholesale professional liability solutions for design, engineering, construction and manufacturing companies.

During his time at Lloyd's, Uthayashanker focussed on small-to-medium enterprise (SME) engineer and contractor professional liability programmes.

ProFinity will initially offer three insurance solutions in all 50 US states and Canada. Its policies will be written on A-rated Lloyd’s paper.

The start-up seeks to provide a streamlined alternative to traditional coverage models.

“ProFinity was created with the mindset that there was a better way to meet wholesale brokers’ needs for professional liability coverage,” said Uthayashanker. “Because of our expertise in this space, we’re able to deliver efficient service without compromising quality.”