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Celerity Risk launches D&O and professional liability for financial firms
The new managing general underwriter coverage includes quotes up to $5 million, written on a tailored primary and excess basis and effective immediately.
Celerity Risk, a professional, management, and cyber liability solutions provider that operates as a managing general underwriter for wholesale brokers, has launched directors and officers and professional liability insurance solutions for financial institutions and financial services companies.
According to Reinsurance News, the program offers quotes up to $5 million, effective immediately, and is written by insurers with an AM Best Financial Strength rating of A+, with coverage structured on a tailored primary and excess basis for financial firms of nearly all sizes.
Celerity Risk said its managing general underwriter will provide specialized protection across multiple segments, including investment advisors and mutual funds, private equity and hedge funds, banks and non-bank lenders, insurance companies, real estate investment trusts, and fintech and insurtech firms.
The expansion is part of Celerity Risk’s platform within Ryan Specialty Underwriting Managers, and the firm described the rollout as measured and strategic while supporting broker-focused insurance solutions backed by underwriting expertise.