SterlingRisk unveils A&E professional liability program
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SterlingRisk Insurance Co. said Monday it is introducing Sterling A&E, an architects and engineers professional liability insurance program.
It said the introduction follows the Woodbury, New York-based broker’s acquisition from Aon PLC’s Affinity Insurance Services of renewal rights for accounts in the Aon A&E Advantage professional liability insurance program. Beazley PLC will serve as Sterling A&E’s insurer, according to the statement.
The transaction occurred in August, said Jeff Grigsby, formerly of Aon, whom Sterling Risk has named program manager. He said SterlingRisk is offering up to $5 million for the program, which is aimed at small and medium-sized firms.
Mr. Grigsby is based in Fredericksburg, Virginia. SterlingRisk has also named Mt. Airy, Maryland-based Kristen Barry, also formerly of Aon, as the program’s senior underwriter.
Geraldine DelPrete, director of programs and senior vice president at SterlingRisk, said in the statement, “The program is structured to allow for greater coverage and more competitive pricing on new policies as well as on replacement and renewal opportunities.”
Victor O. Schinnerer and Co. said in October it is boosting the limits of its professional liability insurance program for certain architects and engineers by $15 million to $35 million.
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