NEW YORK, March 8, 2016 /PRNewswire/ -- QBE North America today announced a program underwriting agreement with RPS/Plus Companies, a specialist professional liability managing general underwriter (MGU), to provide Professional Liability Insurance to insurance agents and brokers. This coverage will be provided through QBE North America's A.M. Best "A" rated insurance companies on both an admitted and non-admitted basis.
"We are pleased to join forces with RPS/Plus Companies and its experienced Professional Liability Insurance Programs practice, as this provides us with new opportunities to expand our business and bring QBE Specialty Lines' innovative solutions to the insurance market," said Donald Allard, Senior Vice President, Specialty Programs, QBE North America.
"Our relationship with QBE North America's Specialty Lines business provides us with new opportunities to expand our leading commercial insurance programs. Our agents, and their clients in these vital and dynamic industries, may now take advantage of having the specialized insurance coverage programs their businesses require underwritten by one of the world's most highly regarded and financially sound insurance organizations," said Robert Ciuffreda, Area President, RPS/Plus Companies.
RPS/Plus Companies is a significant source for Professional Liability coverage for insurance agents and brokers within QBE North America. RPS/Plus Companies specializes in small- to mid-size agencies, but can also underwrite larger P&C agencies. Coverages include disciplinary actions, loss of earnings, and pre-claims assistance.
The Specialty Programs unit, part of QBE Specialty, partners with MGA/MGU program administrators to underwrite risks across a wide variety of industry sectors including Accident & Health, Aviation, Public Company, Private Company, Commercial Errors & Omissions, Financial Institutions, Transactional Liability, Trade Credit, Surety, and Inland Marine risk, for appointed retail and wholesale producers.
QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2015 of $4.6 billion. QBE Insurance Group's 2015 results can be found at www.qbena.com. Headquartered in Sydney, Australia, QBE operates out of 43 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's. Additional information can be found at www.qbena.com, or follow QBE North America on Twitter.