NBS Underwriting has expanded its professional indemnity (PI) capacity through a new partnership with AmTrust Specialty Ltd, adding an additional £5 million excess layer to its existing offering.
The new facility enables NBS to provide PI placements of up to £10 million, combining the AmTrust £5 million excess layer with its current £5 million primary capacity, which is supported by Hadron or Accelerant. This creates a continuous placement structure for brokers seeking higher limits within NBS’s established PI professions.
The addition is designed to streamline the placement process by allowing brokers to secure both primary and excess layers through a single underwriting relationship, removing the need to approach multiple markets.
As a result, brokers can now access:
The development follows feedback from brokers highlighting the challenges of placing separate excess layers in the market, particularly for 5×5 structures. By incorporating the excess layer within its own capacity, NBS aims to simplify what has traditionally been a fragmented process.
Teresa Yardley, Head of Professional Indemnity at NBS Underwriting, said:
“This additional capacity strengthens our ability to support brokers placing higher PI limits by simplifying the overall structure of the placement. By placing both layers with NBS, we can offer a more efficient process and greater continuity across the programme, helping brokers secure the cover their clients require with less complexity.”
Alongside the capacity expansion, NBS continues to develop its digital trading capabilities. In addition to its online quote-and-buy platform, brokers can submit risks manually, with AI-driven tools extracting key information from proposal documents and automatically populating the underwriting question set within the NBS portal. This supports a more efficient submission process while maintaining flexibility for brokers.
The enhanced PI facility is available immediately across NBS Underwriting’s existing professional indemnity appetite.
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