MGA inks deal with Axa as new policy launched

Digital managing general agent (MGA) Aurora has launched a management liability policy (MLP) in partnership with insurer Axa.

The product is split into three sections of cover, including directors’ and officers’ liability, employment practices liability and corporate legal liability.

Features include regulatory intervention, employment claims, pensions, contract disputes, data protection and GDPR support.

Aurora’s co-founder and chief executive Jan-Vincent Finn said: “Working in close partnership with our partner Axa, we believe we are able to offer our clients market leading protection, whilst being able to provide a greater level of insight and education.”

Risks

The MGA help businesses get cover, as well as risk management insights and support, through rradar.

It said it was launching the MLP product after feeling that a volatile market “exposes the risks that all businesses face”.

It added that firms could be opened up to a range of situations, such as litigation and insolvency-related directors’ and officers’ claims.

“Businesses have never been as vulnerable as they are today,” Finn said.

“[We] support our clients better understand the risks they face and through rradar, [offer] guidance and support to mitigate their exposures.”