UK-based Tempo Underwriting announced that it has started underwriting Commercial D&O through a binding authority arrangement with W. R. Berkley Insurance (Europe), Limited, the European affiliate of W.R. Berkley.
Tempo’s announcement said it “will be offering policy limits up to £10 million [$app. $15.6 million] in the UK, €10 million [app. $13.2 million] in euro zone countries and A$20 million [app. US$20.6 million] in Australia for a range of covers including Commercial D&O, Side A Excess DIC, Independent Directors Liability, Pension Trustees Liability and Employment Practices Liability and Commercial Crime.”
Tempo added that its “Commercial D&O team is headed up by Erica Mordue who specializes in writing upper middle market D&O business with a principal focus on Central and Eastern Europe.”
She joined Tempo in 2012 from AXA Corporate Solutions where she was a senior underwriter. Prior to AXA Corporate Solutions, Erica was employed as a D&O underwriter with Zurich Global Corporate and as a commercial underwriter with First Title.
Marco Del Carlo, Managing Director of Tempo Underwriting, commented: “We are delighted to be working with Peter Glanfield and his team at W. R. Berkley Europe.” He added that the company “not only provides high quality security but as an organization they also have an excellent reputation for fair and efficient claims handling. In terms of underwriting, our two organizations will work closely to ensure that our brokers and clients will have flexible and responsive insurance solutions.”
Glanfield, Berkley Insurance (Europe) Director of Underwriting – UK Branch, described Tempo as having a “highly skilled and experienced underwriting team, to expand our product offerings to additional markets. Working closely with Tempo, we believe that we will be able to provide a superior offering to the marketplace.”
Source: Tempo Underwriting