Professional indemnity
-
Appointments include leadership in transportation, energy, marine and others. -
The professional lines market remains ‘challenging’ overall, however.
-
The insurers sent denial letters to the tech company as lawsuits and damages pile up well into the multi-millions.
-
The insurer denies it is responsible for the actor’s legal fees.
-
The executive has experience as both an attorney and a broker.
-
Companies often purchase policies with limits far exceeding their actual exposure needs.
-
Batch coverage is also coming into focus as insurers look for ways to reduce exposure to large losses.
-
The business will trade via London, the US and Canada.
