Castel Underwriting Agencies Ltd (Castel), has today launched a new underwriting cell, North American Professional Liability (NAPL) to focus on professional service firms’ business in the US.
The cell is writing both primary and excess layer coverage for larger risk managed clients including law firms, accountants, architects and engineers and construction risks. NAPL has secured capacity with a global A+ rated carrier and has commenced writing business immediately.
NAPL is jointly led by Patrick Comerford and Clive Moore both former directors and underwriters of Pioneer North America PL Ltd. Previously, Patrick Comerford led AIG and Lexington’s London market US PL team for nearly 20 years. Clive Moore was with Brit Insurance in their Lloyd’s US Pl team. With a combined 80 plus years in the insurance market they are amongst the most experienced underwriters in the Global Pl market.
Commenting on the launch of NAPL, Mark Birrell, chief executive of Castel, said: “Patrick and Clive are two of the best-known underwriters in this market. Working with them to help leverage their significant knowledge and experience demonstrates not only our appetite to extend Castel’s portfolio but also our ability to support a wide breadth of niche and specialty underwriting talent to delivery profitable business.”
Patrick Comerford added: “Castel provides us with a robust operating platform from which to build NAPL’s offering to brokers. The platform combined with committed capacity and a world-class claims operation will enable us to maximise the opportunities we see from the changing and hardening US professional lines marketplace.”