Managing general agent Subscribe has signed a long-term capacity deal with Fortegra Insurance UK Ltd. The £5m binder will support Subscribe’s portfolio of UK micro and SME professional indemnity business.

Subscribe, which launched last year and is backed by the Acies group, is looking to launch specialist medical malpractice and healthcare-related products in the coming months. Fortegra Insurance UK Ltd offers A-rated capacity (AM Best) and is a subsidiary of Fortegra, which is part of DB Insurance Co Ltd.

David Eynon, managing director of Subscribe, said: “Long-term capacity partnerships are fundamental to the success of any specialist MGA. This new agreement with Fortegra provides A-rated capacity and stability for our brokers, confidence for our clients and gives us the flexibility to continue investing in new specialist products.”

“We're not looking to build a business around short-term opportunities. Our focus is on developing sustainable underwriting propositions that solve genuine market problems, backed by capacity providers who share that long-term perspective.”