Professional indemnity
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The hire comes as Miller continues to expand its UK team under the leadership of Tim Norman. -
The binder will offer £5mn in primary capacity for companies in technology, media and marketing.
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The MGA provides coverage to SMEs in the food, hospitality, leisure and hotel sectors.
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Prior to joining BHSI in 2020, Ben Ruddlesdin worked as an underwriter for The Hartford.
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CEO Nick Tye told this publication earlier this month that the company was planning a financial lines launch.
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Argenta will be a cornerstone capacity provider to new MGA Casper, which will write $100mn in year one.
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Rokstone’s new PI facility is for UK and EU risks with a £2mn primary and a £5mn excess of loss limit.
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While competition is picking up, a likely rise in claims during a recession is likely to prevent a return to a soft market.
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The carrier has also exited the downstream energy and financial institutions markets in recent weeks.
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The scheme aims to fill the gap left when private sector carriers exited the market following the Grenfell disaster.
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The broker has also appointed Rebecca Harvey from Besso to focus on North American production in D&O.
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The MGA can now offer limits of up to £10mn on either primary or excess layers for UK PI business.
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