Professional liability

MGA Aqueous secures multi-year capacity deal with Sompo and Allied World

Professional indemnity MGA Aqueous Underwriting has secured a three-year capacity deal with Allied World and Sompo.

Brown & Brown partners with The Hanover on LPL program

Brown & Brown’s Quincy, Massachusetts office has partnered with The Hanover to be the exclusive distribution partner for the carrier’s new Attorney Risk Management Solution program in the Bay State, Maine, New Hampshire, New Jersey, Rhode Island and Vermont.

RSA unveils PI cover for climate and sustainability consultants

RSA has introduced a professional indemnity product designed for climate professionals, companies and consultants.

Ex-Alesco duo launch professional liability Lloyd’s underwriting manager

Former Alesco duo David Doe and Paul Emuss have unveiled Doe & Emuss, a new boutique underwriting manager specialising in professional liability.

Heightened competition and cladding challenge to drive further PI softening into 2025: Gallagher Re

The professional indemnity market softened throughout 2024 and will continue to in 2025 amid fallout from the UK’s cladding scandal, according to Gallagher Re.

BHSI names Viele head of claims in Italy; grows PI offering

Berkshire Hathaway Specialty Insurance has expanded its professional indemnity and cyber offering in Italy with the hire of Alessandro Majerna, and appointed Vincenza Viele as head of claims.

Bowhead’s Sills: Excess casualty conditions “favourable”, PL “undisciplined”

Bowhead Specialty’s CEO has commented that the casualty market is “resilient” but conditions are more “nuanced” for its healthcare liability and professional liability divisions.

Argo centralizing underwriting management for ~$40mn ArgoPro BDA biz to US

Argo is consolidating the underwriting management of its roughly $40mn Bermuda financial and professional lines portfolio into its US operations, with plans to continue leveraging its Bermuda entity, but with a smaller staffing footprint, The Insurer can reveal.

Beat launches professional liability-focused proRISE led by former Hiscox exec Karpp

Ambac-owned MGA incubator Beat Capital Partners has unveiled proRISE Insurance Services, led by former Hiscox and AIG executive Doug Karpp.

Berkley Select brings new law firm-focused AttorneyShield offering to market

Berkley Select has brought a new employment practices liability product to market called AttorneyShield targeted at law firms with up to 100 attorneys on their books.

Axa XL promotes Bailey to head of professional, Bermuda

Axa XL has appointed company veteran Michelle Bailey to head of professional, Bermuda, a newly created role that gives her oversight of the carrier’s professional lines underwriting team on the island.

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.

London’s leading cyber, casualty and PI & FL underwriters revealed…

Beazley has topped the bench strength ranking for both cyber and professional indemnity in this year’s London’s Leading Underwriters survey, despite having no individual underwriters in either category amid a spate of new entrants.

Coverys receives regulatory approval for London company market platform

Medical liability insurer Coverys has received regulatory approval to launch a London company market platform, Coverys Limited.

Counterpart hires RB Jones’ Muglia as PL lead and promotes trio

Counterpart has hired Michael Muglia from RB Jones as professional liability insurance lead, with the insurtech also promoting Brad Bahler, Satwik Mysore and Jake O’Donnell to territory leads.

Doxa acquires Chicago-based professional liability MGA CPH

Goldman Sachs-owned Doxa Insurance has acquired CPH Insurance, a Chicago-based specialty MGA providing professional liability products for mental health, allied health and healthcare professionals.

Mosaic launches $15mn professional liability offering for engineers

Mosaic Insurance has launched a $15mn professional liability product for specialist engineers.

AM Best: US MPL market suffers ninth consecutive underwriting loss in 2023

The largest US medical professional liability insurers collectively booked their ninth consecutive underwriting loss in 2023 as the sector continues to battle headwinds including worsening claims severity, new data from AM Best shows.

Markel launches Australian PI offering

Markel International has launched a professional indemnity offering in Australia with localised wordings across six professions.

Amwins and Boost partner to revamp tech-enabled lawyers PL programs

Amwins Program Underwriters has partnered with Boost Insurance to unveil new technology-enabled versions of its two lawyers’ professional liability programs while it has also relaunched its specialist Attorneys’ Select offering.

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