Financial and professional lines
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The firm will specialise in professional liability insurance for SMEs.
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Polo Managing Agency is to act as turnkey to the new venture.
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This publication revealed last month that some of Westfield’s financial lines team had resigned.
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The deal is the D&O MGA’s first acquisition since launching in 2021.
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Securities class actions are a perennial source of claims for D&O insurers.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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The development follows news that Kentro Capital CEO Colin Thompson has resigned.
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Professional indemnity is the largest class of business for the syndicate.
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The business specialises in hard-to-place risks.
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The broker has worked for WTW, Lockton and AJ Gallagher.
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Hopper joined Starr in 2019 and previously worked at Marsh and Zurich.
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Underwriters fear that misleading statements about AI capabilities could result in claims.
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