Professional indemnity
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The insurer denies it is responsible for the actor’s legal fees. -
Rates continue to drop as capacity is ample, the broker said.
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The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover.
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The underwriter will manage and develop the MGA’s professional indemnity portfolio.
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The business will trade via London, the US and Canada.
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The appointment follows the departure of two Talbot PI underwriters last year, who left to join Faraday.
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The Aquiline-backed motor syndicate is hiring a team to lead a build-out in specialty lines.
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The appointment confirms the carrier’s prospective involvement in the rapidly hardening market.
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The appointment reflects a diversification push at the carrier.
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The broker will add a Belgian office alongside its London operation for post-Brexit trading.
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The insurer said that stripping out the effects of Covid-19 from counterfactuals would over-indemnify policyholders.
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Mike Newson will lead the division as PI and financial lines manager.
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