OneAdvent plans to expand financial lines despite challenging year

Managing general agency (MGA) platform OneAdvent has hired Andrew Coleman to join its financial lines team to write commercial directors and officers (D&O) insurance. OneAdvent launched its specialist financial lines MGA in August 2019, and is looking to...

...further expand the business following ongoing commitment from its capacity providers.

Coleman has been in the insurance market for over 30 years, having worked on both broker and underwriter side for Neon Underwriting, QBE, Navigators and Antares.

Roberto Murru, head of financial lines at OneAdvent, said: "It’s been a difficult year for Financial Lines MGAs, so for our capacity providers to not only renew their support, but also support us in developing another line of business, is a huge endorsement of our work in this space."

Coleman commented: “This was an opportunity I couldn't pass up. Launching a D&O offering for a growing MGA with A+ rated capacity in a hardening market is a challenge I can't wait to embrace. I look forward to taking our specialist D&O product out into the market and leveraging my strong relationships with brokers in this class.”