APC moves into PI market
APC has stepped into the professional indemnity (PI) market with the launch of a product designed to protect mortgage and finance intermediaries.
The underwriting agency said it would be the first of several PI offerings made available to its network of UK brokers on the Quote-Mac on-line trading platform.
APC cited market opinion that quantitative easing will soon boost the mortgage and loan sectors if banks increase lending as the reason behind the product launch.
The Mortgage and Finance Intermediaries product will cover professional activities relating to arranging, bringing about or giving advice regarding mortgage or loan products
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