With financial marketplaces becoming riskier and riddled with litigation, and in response to the growth in demand for coverage for professionals, QBE North America has entered into a program underwriting agreement with Stateside Underwriting Agency (SUA).
Through the agreement, QBE will provide professional liability primary and excess coverage for title agents, abstractors and escrow agents. It will also offer Mortgage Company Professional Liability and Mortgage Bankers Bond.
“QBE North America’s partnership with SUA (is a continuation of) our strategy to expand our offerings to meet the unique risk management needs in the financial services arena,” explained Erin Fry, senior vice president for specialty programs, QBE North America.
“The strategic alliance with QBE North America’s Specialty lines business provides us with greater opportunities to serve leading financial institutions, including (the) mortgage services clientele, by increasing capacity and expanding our capabilities to handle a broader risk profile of clients,” added Richard Nowell, SUA president.
QBE’s Specialty Programs unit aligns with strategic partners to underwrite risks across diverse industry sectors, including accident and health, aviation, cyber, public company, and surety for appointed retail and wholesale producers.
“An important element of QBE’s Specialty business is introducing new, niche proprietary products and programs that are innovative (and) relevant,” said Jeff Grange, president, Specialty, QBE North America.
SUA specializes in professional coverage and has underwriting contracts with domestic and London providers.
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