Darwin Introduces Professional Liability Product For A.R.T Facilities

Farmington, CT - Darwin Professional Underwriters, Inc. announced it will begin to offer management and professional liability coverage for alternative risk transfer (A.R.T.) facilities, including captives, risk retention groups, reciprocals, and exchanges, as well as privately held non-rated insurance companies (i.e., insurance companies without an A.M. Best Company financial strength rating). Darwin has partnered with A.R.T. specialists, OH-based Quadrant Insurance Managers as its underwriting partner for this product.

According to Darwin, the product, A.R.T. management and professional liability insurance, is geared towards A.R.T. facilities that offer property and casualty, workers' compensation, and life, accident, and health solutions with $250M or less in annual gross written premium. Coverage is made up of directors and officers (D&O) liability, employment practices liability (EPL), and professional liability (E&O) insurance. Coverage is available for subsidiary operations, including claims administrators, captive managers, and managing general agents/underwriters. A proprietary loss control program is also available at no additional cost, adds Darwin.

SOURCE: Darwin Professional Underwriters, Inc.