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Banyan launches digital assets and emerging risks MGA
['Business Staff']
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Peter Horrobin, co-CEO of Banyan Risk Ltd (Photograph supplied)Banyan Risk, the specialty managing general agent (MGA), has launched a new digital assets and emerging risks product in Bermuda, with underwriting capacity provided by QBE Lloyd's Syndicate 1886 and other Lloyd’s support.
The initial offering will focus upon multi-line products encompassing directors and officers liability, professional liability and crime.
“Digital assets and emerging technologies are creating significant opportunities, but they are also producing new and increasingly interconnected risks,” said Peter Horrobin, co-chief executive officer of Banyan Risk.
“Digital assets and emerging technologies require a thoughtful underwriting approach, combining technical expertise with a strong understanding of governance and risk.
Banyan Risk said capacity will be provided through QBE Lloyd’s Syndicate 1886 and other Lloyd’s participation.