Folgate Underwriting Agency Limited has completed a new capacity agreement, which has been led by International General Insurance Company (UK) Ltd. The deal provides primary and excess capacity for FUAL’s professional indemnity proposition, which it is seeking to expand over the coming years.

Ian Russell, chief executive officer at FUAL, said: “This agreement represents a major milestone for FUAL. The support from IGI provides the scale and stability we need to accelerate our planned underwriting growth while maintaining firm underwriting discipline and delivering consistent, sustainable value to brokers and their clients.

“This partnership reinforces FUAL’s commitment to innovation, scale and excellence in the underwriting market.”

The capacity deal follows the recent appointment of Debbie Farman as head of renewals and Mathew Harvey as head of PI, who have been tasked to deliver long-term growth of FUAL’s PI portfolio.