Coverys launches platform for MGAs in Europe

Boston-based Coverys, a medical professional liability insurer, said Monday it has launched Coverys European Holdings Ltd, an agency platform and network that will invest in, and collaborate with, managing general agencies in Continental Europe and the United Kingdom that specialize in professional lines.

The insurer said Steven Spano, previously U.K. country manager at the Generali Group, will serve as the unit’s CEO, and Doug Robare, previously global head of financial lines at the Generali Group, has been appointed chief underwriting officer.

Philippe Sloan, director of underwriting for the Coverys Managing Agency and a director of Coverys European Holdings, said in a statement the insurer will provide MGAs in Europe and the U.K. with pricing and infrastructure capabilities and support to grow as the market hardens.

A company spokesman could not be reached for further comment.