Management liability

SPG’s Encore Fiduciary begins offering ML coverage with Coverys capacity

Specialty Program Group’s Encore Fiduciary division has expanded its core fiduciary insurance focus to offer management liability coverage for private and not-for-profit companies with the new offering backed by capacity from Coverys Group.

Beazley slams “manifest injustice” of data breach cover denial suit from Cadwalader

Lloyd’s insurer Beazley has filed a brief arguing for the unsealing of a suit brought against the carrier by law firm Cadwalader Wickersham & Taft LLP, which alleges wrongful denial of coverage for costs related to a data breach in November 2022.

Tara Hill adds former Argo exec Edsall as SVP

Ambac’s new program administrator Tara Hill Insurance Services has hired industry veteran Richard Edsall as senior vice president focused on excess and surplus lines management liability and professional liability.

Counterpart launches ML product for non-profits and SMBs with Westfield Specialty

Counterpart has partnered with Westfield Specialty Insurance to provide an admitted product for the AI-driven insurtech’s small business customers and, for the first time, non-profit organisations through its network of trusted broker partners.

Aurora partners with Axa on management liability launch

Digital commercial insurance platform Aurora has launched a management liability policy offering in partnership with Axa.

RSA names Lindeman head of management liability in Europe

RSA Luxembourg has appointed Erik Lindeman as head of management liability insurance lines for Europe as part of its plan to launch a dedicated management liability offering on the continent.

Gallagher: Management liability carriers look to limit healthcare antitrust/regulatory exposures

Healthcare organisations will face carriers trying to limit certain exposures such as antitrust and regulatory matters this year, Gallagher has commented in a new report on the healthcare market that also highlights some headwinds for the hospital professional liability market.

WTW: D&O excess ABC and side A rates poised for further reductions

WTW expects D&O pricing in the excess ABC and Side A segments to continue decreasing into softer market conditions including the lowering of insured limit factors (ILFs) and rate-per-million metrics.

Protector Plans launches new primary exec liability program

Brown & Brown-owned Protector Plans is offering a new primary executive liability program providing D&O, employment practices, fiduciary, employed lawyers, crime and miscellaneous professional liability coverage to both private and not-for-profit insureds.

Berkley Select unveils legal aid-focused ML and PL offering

Berkley Select has developed a new management and professional liability-focused product catering to organizations offering legal aid services, with the offering underwritten on the AM Best A+ rated capacity of its parent WR Berkley.

Ategrity adds Hiscox USA’s Karpp to lead new SME-focused M&PL offering

Ategrity Specialty Insurance Company has unveiled a new management and professional liability product that is targeted at small- to mid-sized business, with the E&S carrier recruiting Doug Karpp from Hiscox USA to lead the offering.

Allianz Commercial recruits Chubb management liability veteran Wedlin

Allianz Commercial has added Chubb veteran Eric Wedlin to its ranks, with the new hire appointed regional head of management liability commercial and management liability financial institutions for financial lines in North America.

Alliant hires D&O specialist Pelissier from Woodruff

Alliant Insurance Services has appointed Jared Pelissier as senior vice president, managing director at Alliant Specialty, with the management liability broker joining after 15 years with Woodruff Sawyer.

Liability market “disruption” expected as Nevada bans defence-within-limits provisions

The Nevada legislature has passed a bill prohibiting insurers from issuing policies containing a provision that reduces the limit of liability by the costs of the defence, a move that RT ProExec’s Kevin LaCroix expects will “generate disruption” for the professional liability and management liability market in the state.

SPG’s Euclid Fiduciary hires Coaction’s Lavigne as ML CUO

Specialty Program Group’s recently acquired Euclid Fiduciary division has hired Keith Lavigne from Coaction as chief underwriting officer, management liability.

Ascot confirms John Kuhn as head of large public D&O

Ascot has confirmed the hiring of John Kuhn from AIG as senior vice president for management liability and head of large public in its US insurance operations as it looks to grow into that segment of the D&O market, in a move first revealed by this publication.

Vantage promotes Wall to US financial lines head

Vantage Group has promoted Richard Wall to lead its US financial lines business, a role in which the executive will oversee the carrier’s management liability and financial institutions offerings in the country.

Ascot US makes large public D&O play with AIG’s Kuhn

Ascot US is entering the large public D&O market and has hired John Kuhn from AIG to spearhead the move, The Insurer can reveal.

BP Marsh to acquire stake in London MGA Verve Risk as its exits Castel platform

Specialist UK insurance investor BP Marsh is to acquire a minority shareholding in professional and management liability-focused MGA Verve Risk Partners, The Insurer can reveal.