PI specialist Magian closes to new business
Magian Mutual, the professional indemnity insurer established by PI Direct in 2003 has closed to new business, as of 31 December 2005, in favour of using capacity from Lloyd's managing agent, Heritage.
In a statement from the company, current members and new insureds will benefit from the managers, Magian Underwriting continuing to underwrite through a new underwriting agency, backed by Heritage. MU
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