Leading medical professional liability insurance provider, Coverys, has announced the launch of Coverys International Insurance Company (Coverys International), based in Dublin, Ireland.
The company will write a portfolio of European speciality liability business primarily distributed through the group’s pan-European network of MGA companies, that includes Bridge Insurance Brokers in Italy, AEC Group in Italy and Spain, and Brady Underwriting in Ireland.
Coverys International will be led by Chief Executive Officer, Rajeeva Aluwihare, previously Chief Operating Officer of Coverys European Holdings (CEH), and Christina Lippert as Chief Underwriting Officer.
Within his role as CEO, Aluwihare brings more than two decades of experience within the insurance industry, which includes 19 years serving in increasingly senior roles at Italian insurer, Generali.
In addition, Lippert has 25 years of experience with major international insurers, focused on European specialty insurance products.
Furthermore, Coverys European Holidngs, Chief Executive Officer, Steven Spano, will join the company’s board of directors as non-executive chairman.
Addressing, the launch of Coverys International, Spano said: “Coverys International will expand our European risk-taking capabilities and provide our MGAs across Europe with additional insurance capacity to grow their businesses.
“We continue to see attractive opportunities through our managing agencies across Europe. In Rajeeva, we have a highly experienced business leader ready to use leading-edge technologies to bring this vision to market to benefit our agency network’s clients and brokers.”
Aluwihare added: “The demand for the products offered by our managing agency partners is tremendous. By providing additional capacity for these profitable portfolios, we will facilitate the growth of local European business, not only for us at Coverys, but for the other insurance markets that partner with the CEH agency network and our reinsurers.
“I look forward to working with our extensive network to realise our ambition.”
