Distinguished Programs, a national insurance program manager, has entered a strategic partnership with Covington Specialty Insurance Company, a subsidiary of RSUI Group, Inc.
This collaboration is aimed at providing executive lines insurance products exclusively to the wholesale brokerage community. The new Distinguished Executive Lines business is set to start accepting submissions on Jan. 2.
The initial offering from Distinguished will include a true follow-form excess product covering directors and officers, employment practices, and fiduciary liability for a range of clients, including public, private, and nonprofit entities. Additionally, a comprehensive primary, modular private and non-profit product offering the same coverages is slated for release in the first quarter of 2024.
The focus of the team will be on risk-specific underwriting and creating tailored solutions for each client's unique exposures, with experienced underwriters at the helm ensuring both quick and accurate decision-making.
“With our top-tier platform in place, I'm pleased to announce that Distinguished Executive Lines is open for business,” said Ryan Becker (pictured above), Distinguished Executive Lines president. “We are a high-energy, full-service management liability platform exclusively serving the wholesale community, offering D&O, EPL, and Fiduciary products. Our commitment is to provide a top-of-the-market MGA experience with exceptional service, led by experienced, decisive, and empowered underwriters.”
“We are thrilled to embark on this journey with Distinguished and the talented group of expert underwriters Ryan has assembled,” said Phillip McCrorie, chairman and CEO of RSUI Group. “Underwriting expertise is critical to any relationship RSUI forms and Distinguished's underwriting knowledge sets it apart from other MGUs in the marketplace. Our long history in supporting the wholesale community in executive lines is further enhanced by our participation in this program. We are looking forward to the launch and the growth of our partnership with Distinguished.”
What are your thoughts on this story? Please feel free to share your comments below.
