Rising Edge, a London-based Managing General Agent (MGA) writing directors’ and officers’ (D&O) insurance, has announced that it will launch during the first half of 2021.
The new company will be led by Chief Executive Officer, Philippe Gouraud, a well-known industry executive in the London insurance market.
He will be joined by D&O expert Yoel Brightman, who will serve as Managing Director.
“Our company will provide D&O insurance at a time of unprecedented upheaval within the market,” said Gouraud. “Launching a D&O platform from scratch in this environment and harnessing new capital is an audacious move.
“We are born out of a need to reinvent existing industry models,” he continued. “Inspired by the impact of technology, Rising Edge has developed a new way to offer brokers and clients insurance that gives them more than just the risk transfer mechanism itself.
“Today, we announce our imminent launch as a result of an increasing number of inquiries we are now receiving. The market seems excited with what we will bring – and so are we. We are busy putting the finishing touches to our operating and underwriting model, and starting on-boarding an incredibly experienced team. Watch this space!”
Rising Edge will offer a range of D&O coverage, including primary and low attachment cover for companies with US listed securities or international exposures, as well as private businesses.
“We are excited to be bringing capacity to the London Market,” said Brightman. “This, coupled with our expertise, provides Rising Edge with a great opportunity to provide leadership in the D&O market, and to engage with companies and their directors on the multitude of risks they face today.
“We passionately believe that close engagement with clients and our legal partners at the outset leads to better outcomes on claims and can reduce the risk of litigation.”
