Encore Fiduciary has announced its expansion from a fiduciary insurance specialist to a provider of broader management liability insurance.
This move introduces the Encore Management Liability “Quattro” policy.
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Quattro encompasses directors’ and officers’ liability, employment practices liability, fiduciary liability, and crime insurance.
The policy will serve private and not-for-profit companies, offering them comprehensive protection.
Encore has formed a partnership with Coverys Group to offer the new solution, which will be available nationally on an admitted basis.
It aims to deliver customised coverage, risk management advice, and expert claims handling.
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By GlobalDataThe policy is accessible to qualified brokers and organisations that require enhanced liability risk management.
Encore chief underwriting officer Keith Lavigne said: “We are excited to be working with Coverys, which is entrusting Encore with underwriting and claims authority based on our extensive management liability experience. With our newly launched market-leading package policy, our underwriting and claims teams will provide continued expert and responsive service for our brokers and clients.”
Coverys president of programmes and alternative markets Valoree Celona said: “Encore’s proven track record of success and specialised expertise make them a perfect partner for Coverys.
“We are proud to join forces with the Encore team and look forward to setting new standards of excellence in the market. Our partnership combines our strengths to deliver an amazing product and it will elevate our offerings and advance our strategy to diversify.”
Encore (formerly Euclid) is a division of the Specialty Program Group (SPG).
Earlier this year, SPG acquired the assets of Buttine Underwriters Agency (BUA), which offers event cancellation and prize and promotion insurance solutions.
SPG and BUA aim to develop new products, widen distribution channels, and strengthen marketing efforts.
