Globe Underwriting has appointed Paul Nolan (pictured above) as head of financial lines and Kiran Wignall as underwriting manager for professional indemnity (PI), as the managing general agent (MGA) prepares to enter the financial lines market. Both appointments are effective immediately.
The hires coincide with the launch of Globe’s first PI proposition, scheduled to begin with capacity deployment this month. Nolan will oversee the division’s underwriting strategy and portfolio development, with a remit extending across PI, management liability, and financial institutions.
Wignall will take charge of the PI book, focusing on underwriting direction, growth and profitability. He will also support recruitment and team development within the PI function as Globe scales its capabilities in the segment.
Globe’s broader operations include underwriting across several niche lines, such as cyber, construction, environmental, marine, motor fleet, political violence, and technology.
Nolan joins Globe with over two decades of underwriting experience in the London market. He previously held senior roles at AIG and Allianz Global Corporate & Specialty, and most recently served as head of financial lines at Probitas Syndicate 1492. At Probitas, he managed a portfolio with gross written premium (GWP) of approximately £80 million.
“Globe is at a dynamic stage in its growth, and the opportunity to build a new financial lines division from the ground up is an incredibly appealing one. Being able to shape the strategy, recruit top talent, and work within such a fast-paced and entrepreneurial environment with a clear mandate for growth is extremely compelling,” Nolan said.
Concurrent with Globe’s PI expansion in the UK, the market currently writes approximately £3.3 billion in annual premiums, covering an estimated 1.5 million policyholders. This includes an array of professionals across legal, financial, design, and advisory services.
Among the largest sectors contributing to PI claims are construction and design, accounting for around £600 million in premiums, followed by solicitors at £280 million and accountants at £140 million.
The distribution of PI insurance in the UK is heavily broker-driven, with more than 85% of business placed through intermediaries. Digital channels, however, are playing an increasing role in the market, particularly for SME and volume-based PI placements, where speed, pricing transparency, and platform efficiency have become key factors in placement decisions.
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