Professional managing general agent (MGA) Euna has announced the expansion of its professional indemnity offering into the London market.
The move marks an important step in the company’s evolution to expand its business and provide customized solutions for increasingly complex specialty risks.
With over ten years of trading experience, Euna enters the London sector with established strength, drawing on deep underwriting expertise and a strong track record in professional risk.
Pete Newson, head of underwriting at Euna PI, said: “Over the past decade, Euna has established itself as a leading player in the professional indemnity market. This move marks the next stage in our evolution, allowing us to scale the business while increasing our value to new and existing brokerage partners by offering more sophisticated placement options.”
Over 90% of the team is focused on underwriting, a structure purpose-built to handle the nuances of the London market.
It allows for a flexible approach to building solutions for more complex risks, in an underwriting category that has seen significant changes in claims and pricing models over the past few years.
The expansion opens up a new avenue for Euna to underwrite bespoke insurance for professionals across a number of key sectors, including construction, construction, engineering, surveyors, IT, media and accountancy.
Euna currently underwrites commercial insurance across a range of specialist categories 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 UK professionals. The innovative and collaborative environment in the London market will enable us to underwrite more complex risks, develop more dynamic products and remain agile as new challenges arise.”
