RSA announces new partnership with MGA

RSA and PIB Group-owned managing general agent (MGA) Q Underwriting have teamed up to launch a new management liability product. 

The policy protects directors, officers and the company from exposures that may come as a result of the actions and decisions that have been made.

Featuring bespoke limits, situations it can cover include corporate liability, employment practice liability and employee crime.

Target customers include, educational institutions, leisure and hospitality, haulage, transport and motor trades.

Steve Hedge, delegated director at RSA, 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 Underwriting to launch a high-quality product that offers a breadth of cover that brokers have confidence in and meets customers’ needs.”

Availability 

The product will be available to PIB Group brokers, including Cobra Network members, through Q Underwriting via an RSA delegated authority arrangement.

Q Underwriting is also set to launch a wholesale version of the product.

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.”