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The InsurTech, formerly named Verifly, sells short-term liability insurance for freelancers and small businesses.
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Both senior brokers work in professional liability, with Jones also operating in the cyber market. -
The senior underwriter joins from Abu Dhabi National Insurance Company.
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The class action comes amid concerns over an uptick in environmental-related D&O claims.
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The purchase of healthcare liability renewal business comes amid a retreat by SRCS from some specialty classes.
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Sources said the new clauses would limit future opioid-related claims.
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Ratings agency AM Best has affirmed the Birmingham, Alabama-based carrier's financial strength rating (FSR) of A+ while revising the outlook.
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Fitch said AIG’s reduction in appetite has exerted a “strong influence” on the class of liability business.
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The report suggests a continuation of upward D&O pricing momentum recorded in the first quarter.
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US commercial insurance pricing increased by 4 percent in the second quarter, according to the broker.
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The portfolio holds almost $200mn in net reserves.
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The two executives join from JLT Re and are specialists in binding authority and open market general and professional liability.
