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Member, Beacon International Group, Ltd.
Cooper Gay Swett & Crawford Ltd.'s North America unit has launched StatPro Underwriters, a managing general agent serving the U.S. miscellaneous professional liability insurance market.
StatPro writes errors and omissions risks with limits of up to $5 million of primary capacity backed by Lloyd's of London, CGSC North America said Wednesday in a statement.
Coverage will be placed by Cooper Gay's Lloyd's brokering operation, CGNMB L.L.P., according to the statement.
Coverage is available for a range of professions including claims adjusters, real estate agents and brokers, appraisers, employment agencies and event planners, CGSC North America said.
Additional coverage, such as choice of counsel and automatic inclusion for additional insureds and independent contractors, are available at no cost, according to the statement.
CGSC North America also said Senior Vice President Judy Biancardi and Vice President Samantha Gamble will lead the StatPro team. They will be based in New York.
“We know that brokers want clear decisions on risks fast, so our approach is straightforward,” Ms. Biancardi said in the statement. “Whether through template underwriting offering an exceptionally fast turnaround time for smaller accounts or delivering technical underwriting skills and insight on more complex risks, the team is empowered to respond directly to the specific needs of Swett & Crawford brokers' clients.”
Hiscox Ltd. said Wednesday it had reached a preliminary agreement to acquire a managing general agent and a high-net-worth insurance company from Randall & Quilter Investment Holdings Ltd.