Amwins MGA to bring fresh capacity to ‘stressed’ D&O market
Amwins Special Risk Underwriters (SRU), a managing general agency (MGA) within US-based global broker Amwins Group, is expanding beyond the property market, which it has been writing exclusively for Amwins brokers since 2008.
The MGA has expanded into professional lines with the launch of an executive directors and officers (D&O) liability product.
Written on A-(VIII) rated paper and supported by A+ and various other capacity, the non-admitted programme will focus on excess public D&O risks as well as excess private or not-for-profit risks (standalone D&O or blended D&O/EPL/FID risks) with a shared limit in conjunction with the D&O. Excess coverages for public and private companies include D&O Liability, D&O Side A/DIC, employment practices liability and fiduciary liability.
With the new product offering, Amwins professional lines brokers will have exclusive access to management liability capacity with continued support from Amwins Underwriting's other products. Target classes include manufacturing, professional services, technology, financial/insurance, energy, retail, transportation, aerospace, entertainment and more, with limits up to $5 million.
Mark Bernacki (pictured), president of SRU and chief underwriting officer of Amwins, said: "SRU is excited to expand our offering to include this important coverage. We believe our reputation for quality underwriting has enabled this growth, and we look forward to strengthening our existing relationships with our brokers going forward. Our focus on providing exclusive access to management liability capacity will position our partners for continued success."
Scott Misson, executive vice president of SRU's Management & Professional Liability group, added: "We are thrilled to launch this product at a time when the D&O market is stressed and continues to evolve. We thrive on collaborating with our partners to give them a competitive edge and look forward to delivering levels of service and expertise that stand out from the crowd."
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