Reinsurance News

Beazley to serve as carrier partner on new SterlingRisk A&E program

17th December 2019 - Author: Matt Sheehan

Specialist insurer Beazley has announced that it will serve as carrier partner for the new Architects and Engineers (A&E) professional liability insurance program from US broker SterlingRisk.

Beazley logoThe new program comes after SterlingRisk acquired renewal rights from Affinity Insurance Services for accounts in the Aon A&E Advantage professional lability insurance program.

“The decision to expand our A&E offerings to include a robust A&E professional liability program advances SterlingRisk’s mission to develop and bring to market new program business,” said SterlingRisk CEO David Sterling.

“We look forward to our association with Beazley, to working with brokers with business in the Aon A&E Advantage program, and to growing our program through new brokers.”

Geraldine DelPrete, Director of Programs, Senior Vice President at SterlingRisk, also outlined a host of broker benefits offered by Sterling A&E, including the ability to tailor policy conditions to clients’ specific needs.

“What we are offering is more flexibility,” she said. “The program is structured to allow for greater coverage and more competitive pricing on new policies as well as on replacement and renewal opportunities.”

In addition, Sterling A&E will introduce a simplified application in-take process and a web portal to ensure faster service and more accuracy.

Prior to launching the program, SterlingRisk hired Jeff Grigsby as Program Manager and Kristen Barry as Senior Underwriter, both of whom previously served at Aon and have more than 50 years’ re/insurance industry experience between them.

“Because the new SterlingRisk program is built on the foundation of a renewal rights acquisition from Aon Affinity,” DelPrete added, “Jeff and Kristen are already deeply knowledgeable of the needs of brokers and their clients.”

“They have arranged their coverage needs before. It provides for a seamless transition and a strong foundation from which to launch our new A&E program.”

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