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Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital Ltd.
Pelican Underwriting One trades as Pelican Underwriting and specializes in writing solicitors' professional indemnity (PI) in England and Wales. Terms of the agreement were not disclosed.
Pelican Underwriting was launched in 2015 in partnership with Munich Re Group as its capacity provider. It has been managed and has also received financial backing from Asta Capital since its...