MUM targeting firms with turnover up to £500m
Manchester Underwriting Management has expanded its broker offering with the launch of a new directors & officers' (D&O) product.
MUM’s new D&O product is designed to cover the vast majority of UK and Irish companies with turnover or assets of up to £500m although larger companies will be considered, the company said.
The MUM D&O policy includes extensions for corporate manslaughter, outside directorships, retired directors cover and new subsidiaries.
Chief executive Charles Manchester said: “Times are tough for brokers so we are working even harder to make sure that they have the ammunition they need to compete in the market, with an up-to-date product that helps protect their clients in today’s difficult times."
He added: "Expanding into more specialty lines was always part of our plan as we look to build on our solid foundations through delivering to brokers the products where we can add value with the service and flexibility that they absolutely need to compete.”
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