RSA and Q Underwriting launch management liability product
Authored by RSA
RSA Insurance, in partnership with Q Underwriting, the award-winning PIB Group owned MGA, have today announced the launch of a new bespoke, market-leading and comprehensive management liability product.
Management liability insurance protects directors, officers and the company from exposures that may come as a result of the actions and decisions they have made on behalf of their company or organisation.
This wide-ranging product with bespoke limits and enhanced cover offers management protection, covering D&O, corporate liability, employment practice liability and employee crime.
This market-leading solution will be available to PIB Group brokers, including Cobra Network members, through Q Underwriting via an RSA delegated authority arrangement and is aimed at private limited companies and limited liability partnerships. Target customers include, but are not restricted to, care establishments, educational institutions, leisure and hospitality, haulage, transport, and motor trades. In time, Q Underwriting will also launch a wholesale version of the product for its extensive nationwide network of partner brokers.
Steve Hedge, Delegated Director at RSA Insurance said:
“We are delighted to announce the launch of, not only a new product, but also the start of a new mutually beneficial partnership with Q Underwriting and PIB Group. We have an ambitious customer service agenda, and developing and nurturing long-standing partnerships will help us achieve our objectives in this area. We’ve really enjoyed working with Q to launch a high-quality product that offers a breadth of cover that brokers have confidence in and meets customers’ needs.”
Mike Hudson, Managing Director at Q Underwriting said:
“We’re really pleased to bring this new management liability product to market for our PIB and Cobra Network brokers, and to start developing a product, together with RSA, for external broker partners. The bespoke product allows us to provide enhanced cover and limits, on a cost-effective basis, to both existing and new customers.”
“We went through a thorough and robust tender process and have been really impressed and pleased with the collaborative approach between ourselves and RSA. Onboarding, developing, and launching a new product can be challenging with new partners, but RSA have handled this seamlessly and have understood what we wanted to achieve. We now have a high-quality tailored product, competitively priced, whilst providing wide cover thereby giving our customers the good outcomes we seek, and they expect us to deliver.”
