Business insurance firm names new professional indemnity insurance underwriter

One business insurance firm has recently announced the naming of a new professional indemnity insurance class underwriter.

Mr Mark Figes will be joining Brit Insurance as the business liability insurance provider’s newest class underwriter.  Mr Figes was most recently employed at CNA Underwriting.  In his former position there he was the director of casualty underwriting.

Mr Figes now takes on the responsibility for managing and developing the professional indemnity insurance portfolio for the insurance and reinsurance specialists.PI portfolio.

Brit Insurance’s Global Markets business unit chief executive commented on the new appointment.  Matthew Wilson stated that the international professional indemnity insurance division is a key component of Brit’s portfolio.  As such the firm was pleased to welcome Mr Figes to its team of insurance professionals.

Mr Wilson stated that Mr Figes has a great deal of experience in leading teams of underwriters throughout the market’s cycles in a wide variety of books of business and global territories.  Additionally Mr Wilson stated that the technical knowledge that Mr Figes brings with him will be of great use to the underwriting division of the insurance firm.

Mr Wilson is a long time industry veteran.  He has previously held senior roles in several large insurance firms such as Alexander Howden Insurance Brokers, GE Frankona Insurance, GE Insurance, and Swiss Re International.

The professional indemnity insurance book of Brit Insurance covers a wide range of professions.  Included in their cover are insurance brokers, accountants, engineers and architects, solicitors, management consultants, computer consultants, and advertising agents.

Brit’s portfolio is a diverse one.  The firm offers in excess of 70 different classes of both insurance and reinsurance worldwide, with a distribution model based on Intermediaries and Brokers.

Brit has estimated revenues of more than £1.6 billion from its worldwide business practices every year.

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