QBE North America, part of QBE Insurance Group from Australia, has entered a programme partnership with Catalytic Risk Managers & Insurance Agency.
The tie-up aims to provide builders risk coverage on a non-admitted basis.
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Catalytic Risk Managers, which is a unit of DUAL North America, has expertise in writing builders risk business through regional and national wholesale brokers.
This alliance will expand QBE North America’s commercial programmes portfolio, which already includes property and workers’ compensation programmes.
Catalytic Risk Managers will be responsible for underwriting the builders’ risk policies while Catalytic Claims Services, also a part of DUAL North America, will manage claims for the programme.
QBE North America head of commercial programmes James Haggerty said: “We are excited to partner with the experienced underwriting team at Catalytic to provide customers with a builders risk solution that protects and meets the unique coverage needs of their construction projects.
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By GlobalData“We look forward to building our relationship with Catalytic and DUAL North America as we expand our builders’ risk portfolio in the marketplace.”
DUAL North America chief property officer Jon Knouse said: “This new programme partnership with QBE will enable us to reach new heights, providing additional coverage and expertise to the construction market.
“The combination of QBE’s strength and experience, our underwriting expertise led by Kaycie Cook, and Catalytic Claims Services’ claims handling abilities positions us to seize new opportunities in this market.”
Recently, QBE North America launched a healthcare liability practice, designed to meet the unique insurance requirements of healthcare organisations.
This initiative includes a dedicated team and core products such as the miscellaneous medical liability product, which offers a wide range of coverages for healthcare professionals.
The miscellaneous medical liability policy introduced by QBE North America covers various areas, including employee benefits liability, errors and omissions, excess/umbrella coverage, general liability, as well as physical and sexual misconduct liability, professional liability, and tech and media liability.
In January 2024, QBE North America appointed Amanda Lupkin as vice president and head of the North American health practice at the reinsurance unit.
