Management and professional liability insurtech MGA Counterpart has hit the 10,000 policies written milestone and launched an HR compliance and legal service called zeroHR.

Specialty Program Group (SPG)’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.

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.

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.

For many executives, legal liability is one of the things keeping them up at night. Business leaders today face a growing range of management liability exposures – including emerging risks affecting virtually every industry.

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.

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

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.

Among the takeaways in a 2021 management and professional liability market outlook from Risk Placement Services (RPS) are the US public D&O market appears to be peaking, the number of bankruptcy exclusions in private D&O has exploded, and carriers are cutting back capacity in the relatively flat lawyers professional liability market.

US specialty insurer IAT Insurance Group is hiring an underwriting director and several other underwriting executives for its John Passaro-led management liability unit, as it looks to launch a suite of products and begin writing business at the start of Q2 next year, The Insurer can reveal.

The impact of the new capacity that has entered the D&O liability market is being felt in excess layers with a tempering of rate increases, Manny Cho of Risk Placement Services (RPS) has told The Insurer, but the new entrants have had less of an impact in the cyber market.

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 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.

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.

Chicago-based commercial lines giant CNA has hired Steve Goldman from Chubb to be its new senior vice president for financial lines and healthcare, filling a vacancy that emerged following the departure of Paul Larson in September.