Amiga Specialty, a specialist managing general agent (MGA), has secured additional underwriting capacity to strengthen its commercial professional indemnity (PI) proposition.
The capacity is being provided through the MGA’s existing partnership with AXA XL’s UK and Lloyd’s business, and new support from the Lloyd’s market, taking its PI limit to over $20 million.
The agreement aims to complement Amiga’s existing arrangements with Accelerant and Bridgehaven and further diversify its panel of capacity providers.
The additional capacity also reinforces Amiga’s commitment to develop a specialist commercial PI offering combining underwriting expertise, strong insurer partnerships, and the flexibility to respond to broker requirements.
It also builds on AXA XL’s existing support for Amiga’s financial institutions business, and further develops the MGA’s specialist underwriting capabilities.
The expansion follows continued growth in Amiga Specialty’s Commercial PI portfolio, investment in its specialist underwriting team, and the acquisition of renewal rights to Volante’s PI portfolio.
David Filtness, Managing Director, Professional Indemnity, Amiga Specialty, commented, “Securing this additional capacity represents an important milestone in the development of our Commercial PI proposition and reflects the confidence of our insurer partners in our underwriting strategy.
“Having a strong and diversified capacity panel is fundamental to delivering sustainable growth. Our focus is on managing appropriate average line sizes, maintaining a balanced portfolio and deploying capacity responsibly, while providing brokers with the flexibility of a one-stop-shop solution for selected risks requiring larger limits.”
He continued, “With our capacity structure now in place, alongside the growth of our portfolio, investment in our underwriting team and the Volante renewal rights acquisition, we are well positioned for the next phase of our development.
“Our priority remains building a sustainable, specialist PI business with strong broker relationships, technical underwriting expertise and a commercially focused approach.”
