2 May 2014 Insurance

APC forms PI team; hires from AIG/QBE

Commercial insurance underwriting agency, APC has launched a dedicated professional indemnity (PI) underwriting team and an expanded professional indemnity portfolio of products.

The new team provides brokers with access to experienced PI underwriting resources and includes Paul Todd and Jamie Cowley.

Todd is a senior PI underwriter who has 20 years of experience within the PI market. Prior to joining APC he worked at AIG dealing with PI and directors’ and officers’ (D&O) insurances.

Cowley joins APC as a senior underwriter from QBE and has over ten years of underwriting experience within the UK PI market including roles with Brit Insurance and Zurich.

The new excess of loss PI product is available on-line immediately and will sit alongside APC's existing mortgage & finance intermediaries PI scheme.

APC's new primary product is available off-line covering the same businesses as excess of loss other than surveyors and solicitors.

Ian Russell, chief underwriting officer of APC, said: "We have invested in a strong PI team who will be able to respond to brokers PI needs. I know both Paul and Jamie will be an asset to APC and our supporting brokers.

"I am delighted with the new on-line excess of loss product which will give brokers the turnaround they tell us they need for this type of cover. We will launch the primary product on-line by the end of 2014 to complete our PI on-line offering.”

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