Hub International Limited (HUB), a global insurance brokerage and financial services firm, has announced the launching of its Professional & Executive Risk (ProEx) Specialty Practice.
According to the announcement, this new practice formalises HUB’s Specialization in Professional and Executive Liability Insurance Products, Risk Solutions and Claims Services.
It brings together over 100 HUB specialists with executive liability, professional liability, tech/cyber, and transactional risk insurance placement capabilities, and specialised risk and claims services.
HUB ProEx will be led by David Garrigus, who has over two decades of experience as a broker focused on executive management and professional liability of large and complex risks.
It includes experienced former professional and executive risk attorneys who will serve as a resource for HUB throughout North America, which will be managed by Garrigus along with its growth strategy.
Marc Cohen, CEO and President of HUB International, said: “The HUB ProEx practice continues our strategy to provide the best resources, specialists and expertise, for public, private and nonprofit clients who are experiencing greater exposure and risk every day.
“HUB’s ProEx team has proven expertise in the professional, financial and executive risk areas, advising C-suite clients on their potential exposures and creating innovative insurance and risk solutions for their needs.”
Garrigus commented: “Today, organisations are exposed to a more complex and costly legal and regulatory environment, and the risks are only going to get more complicated.
“Our ProEx team has been helping these organisations delivering more comprehensive solutions that provide better placement, analytics and insights to protect them from existing and evolving threats.”
HUB’s ProEx practice works with clients throughout North America providing insurance, risk advice and claims advocacy, particularly in four product segments.
These segments include: Executive Liability, Professional Liability, Transactional Risk, and Cyber, Technology E&O, and Intellectual Property.
The ProEx practice will also work alongside HUB’s established Specialty and industry practices to develop industry-specific placements, and advisory risk and claims guidance based on industry analytics and insights, the firm added.
