ThinkRisk Underwriting Agency (“ThinkRisk”), a division of RSG Underwriting Managers, LLC, and Aspen US Insurance (“Aspen”) announced the launch of a new national management liability package program. The product is available on an admitted basis in most states and offers multiple coverage lines for a wide variety of private companies and non-profit organizations. This new policy suite will have the ability to offer Directors & Officers, Employment Practices, Fiduciary, Employed Lawyers and Crime coverage.
Raymond Hannan, Senior Vice President, US Underwriting Manager for Management Liability, Aspen, commented: “There has been noticeable market dislocation in recent months and we believe this is an opportune time for a fresh, nimble market with no legacy issues and deep underwriting expertise to bring innovative coverage solutions to brokers and their private company and non-profit clients.”
The new product was designed with many competitive coverage advantages to provide more comprehensive coverage solutions for private companies and non-profit organizations. A key differentiator is that every eligible management liability quote will also include a bind-able [in]TELLIGENCE℠ quote with separate, stand-alone policy limits. [in]TELLIGENCE℠ is a state of the art admitted media/cyber/privacy product offered by Think Risk and Aspen, which was announced earlier this year.
ThinkRisk’s President, Nicole Haggerty, noted… click here to read more about the ThinkRisk and Aspen Us Insurance new Management Liability Program…