Euna, a specialist managing general agent (MGA), has announced the expansion of its professional indemnity offering to the London Market.
The move marks a significant step in the company’s growth, aimed at scaling its operations and providing bespoke solutions for increasingly complex professional risks.
With over a decade of trading experience, Euna enters the London space from a position of established strength, underpinned by deep underwriting expertise and a proven track record in professional risks.
Pete Newson, Head of PI Underwriting at Euna, said: “Over the last decade, Euna has established itself as a leading player in the professional indemnity market. This move marks the next phase of our growth journey, enabling us to scale our business while increasing our value to new and existing broking partners by providing more sophisticated placement options.”
More than 90% of the team is focused on underwriting, a structure specifically built to handle the nuances of the London Market.
It allows a flexible approach to building solutions for more complex risks, within an underwriting class that has seen significant changes to the pattern of claims and pricing over the last few years.
This expansion unlocks a new route for Euna to underwrite bespoke cover for professionals across several key sectors, including construction, architecture, engineering, surveyors, IT, Media and accountancy.
Euna currently underwrites commercial insurance across a range of specialist classes, including property and casualty, recruitment, professional indemnity, surety bonds and medical malpractice.
Newson added: “As we expand, our focus remains on delivering solutions that meet the evolving needs of professionals across the UK. The London Market’s innovative and collaborative environment will allow us to underwrite more complex risks, develop more dynamic products, and stay agile as new challenges emerge.”
