Woodruff Sawyer subsidiary rolls out MGA
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Woodruff Sawyer & Co. said Tuesday that its Nomadx subsidiary has introduced a managing general agent, Nomadx Trustee Liability MGA, devoted exclusively to trustee liability that will offer $5 million in liability coverage.
The San Francisco-based broker said it is working in partnership with Beazley Group on the program. It said the program, which is available for trusts administering assets of more than $5 million, also includes coverage for fiduciary and non-fiduciary roles; blanket coverage for trucks; cyber liability and general liability coverage and advancement of defense costs.
Woodruff Sawyer said in its statement that the Nomadx Trustee Liability MGA was developed in partnership with Balance Partners LLC, a Huntington, New York-based MGA.
