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