London-based underwriting agency Rising Edge has expanded its commercial directors’ and officers’ (D&O) offering with the addition of employment practices liability, pension trustee liability, and commercial crime insurance.
The launch of the new product suite coincides with Rising Edge’s second anniversary of trading and is in response to requests from brokers for support in their financial lines placement strategies and needs.
In an emailed release, Rising Edge chief executive Philippe Gouraud noted that the move is “another step in our fast-paced development”. Gouraud went on to explain that they are able to efficiently execute their strategies through the company’s tech- and data-enabled proprietary platform.
“We are listening to our markets’ needs,” he said. “Expanding our product range gives us further relevance in the marketplace, in a very cost-effective way.”
Yoel Brightman, managing director and head of underwriting, added that the expansion comes amid a shortage in the market.
“There is a shortage of capacity and solutions for ancillary lines, and, as we did with D&O two years ago when we launched, we are stepping up and are providing an expanded range of solutions to our strategic brokers,” Brightman said.
The insurance products are delivered through AM Best A-rated underwriting capacity, and UK and European regulated insurance licenses.
