Globe Underwriting has announced two key appointments as it prepares to enter the financial lines insurance market. Paul Nolan has been named Head of Financial Lines, while Kiran Wignall joins as Underwriting Manager for Professional Indemnity (PI). Both roles are effective immediately.
The appointments support the launch of Globe’s inaugural PI proposition, with underwriting capacity set to go live this month. Nolan will lead the development of Globe’s financial lines strategy and portfolio, encompassing professional indemnity, management liability, and financial institutions.
Wignall will spearhead the growth of the PI portfolio, overseeing underwriting performance, profitability, and strategic direction. He will also play a central role in expanding the PI team as Globe scales its presence in the sector.
These developments mark a significant step in Globe’s diversification strategy. The managing general agent (MGA) currently underwrites across several specialist classes, including cyber, construction, environmental, marine, motor fleet, political violence, and technology.
Nolan brings more than 20 years of underwriting experience in the London market, having held senior positions at AIG and Allianz Global Corporate & Specialty. Most recently, he served as Head of Financial Lines at Probitas Syndicate 1492, where he managed a portfolio with gross written premium (GWP) of around £80 million.
Wignall also joins from Probitas, where he led the PI book. He has 12 years of experience in PI underwriting, with previous roles at AGCS and Hiscox.
UK Professional Indemnity Market Overview
Globe’s entry into PI comes at a time of steady growth in the UK professional indemnity insurance market, which generates approximately £3.3 billion in annual premiums and serves around 1.5 million policyholders. The sector includes a wide range of professions, including legal, financial, design, and consultancy services.
Construction and design professionals represent the largest share of PI premiums at around £600 million, followed by solicitors (£280 million) and accountants (£140 million).
Distribution in the UK PI market is dominated by brokers, who place more than 85% of business. However, digital channels are playing a growing role—particularly in SME and volume-driven segments—where factors such as speed, pricing transparency, and platform functionality are increasingly influencing placement decisions.
