RSA launches technology and management liability insurance solutions in Europe
RSA Luxembourg, part of Intact Insurance Specialty Solutions, today announces the launch of its Technology and Management Liability insurance solutions in Europe.
The Technology industry solution will be led by Aaron Belair, Head of Liability, Professional Indemnity and Technology for Europe. Management Liability will be led by Erik Lindeman, recently appointed Head of Management Liability Lines for Europe.
The aim of the Technology industry vertical is to protect technology companies through property, casualty, professional indemnity, and cyber insurance solutions. Serving a wide array of information technology, software and hardware development, and electronics manufacturing.
Clients will have access to risk control consultation and customized plans, dedicated claims resources and RSA’s cyber incident response panel, among other specialized solutions.
“In today’s economic landscape, technology insurance serves as a vital safeguard against the specific risks of technology businesses. We will provide tailored coverages and services to minimize risks and support the development of current and emerging technologies” says Aaron Belair.
The Management Liability insurance solutions help to protect companies and its executives against disputes and claims that may arise from their leadership responsibilities, decisions and actions. The key focus areas for this new product offering will be Private companies, Not-for-profit entities, Healthcare organisations and Publicly traded companies.
Directors & Officers Liability is already available for business in Belgium, France, and The Netherlands, and will be open by early 2025 in Spain. The other specific insurance solutions, which will be rolled out in a staggered approach, include Employment Practices Liability, Fiduciary Liability and Crime Protection.
“In today’s constantly evolving global operating environment, having in place solid liability insurance protection for companies and its executives is key”, states Erik Lindeman.
Lynn O'Leary, Chief Executive Officer Europe, comments: “We continue to execute on our strategy to grow and outperform in Europe. We are pleased to bring to the market two new specialized solutions and continue to build on our offering for our brokers and their customers. Aaron and Erik’s leaderships will undoubtedly contribute to the expansion of our Global Specialty Lines platform in Europe”.
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