Ledgebrook, a US-based insurtech managing normal agent (MGA), has introduced the enlargement of its skilled strains choices with a brand new architects and engineers (A&E) insurance coverage product.
The providing is being launched in partnership with Obsidian Insurance coverage
Concurrently, Ledgebrook introduced that Carolyn Pearce, with greater than 25 years of trade expertise, has joined the corporate because the A&E observe chief.
Her background consists of senior roles at Hudson Insurance coverage Group, Argo, Lexington (AIG), and Chubb Insurance coverage, the place she centered on driving worthwhile progress and enhancing danger administration methods.
The brand new A&E insurance coverage product follows the latest launch of Ledgebrook’s miscellaneous skilled legal responsibility and allied healthcare choices, additionally in collaboration with Obsidian.
Obsidian’s enterprise mannequin entails issuing insurance policies underwritten by MGAs, managing normal underwriters, and programme managers, with a concentrate on a portfolio that features property, casualty, and specialty insurance coverage programmes.
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Ledgebrook’s transfer into the A&E sector is a part of its technique to broaden its skilled legal responsibility insurance coverage merchandise.
This enlargement is supported by a $24m Sequence A funding spherical accomplished earlier in 2024, which is meant to assist the launch of latest extra and surplus merchandise, entice trade expertise, and put money into Ledgebrook’s proprietary expertise.
Ledgebrook chief underwriting officer John Mullen stated: “Ledgebrook is thrilled to convey our workforce’s insurance coverage experience together with our class-leading tech stack to the A&E market.
“This highly effective mixture of individuals and expertise will allow us to supply a quick and seamless quoting expertise to our present and new Wholesale companions within the A&E area.”
Pearce added: “I’m excited to be part of the Ledgebrook workforce, launching the Architects and Engineers product.
“By combining trade experience with the best-in-class expertise, Ledgebrook is uniquely positioned to supply our wholesale dealer companions an unparalleled service within the A&E area.”
