Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency and Aspen US Insurance have entered into a new underwriting partnership. ThinkRisk will transition its existing converging risk program –specialized errors and omissions insurance for media, advertising, technology, privacy and network and security risks – to Aspen in the capacity as their MGU for this product in the US.
“Technology is a double-edged sword. While it has helped us become more efficient, it has had unintended consequences that require a diverse and comprehensive range of liability products to manage the associated risks,” said Nicole Haggerty, ThinkRisk president.
Aspen is able to offer both surplus lines and admitted capabilities. The converging risk liability offering with ThinkRisk will complement Aspen’s existing stand-alone professional liability products, according to Bruce Eisler, Aspen’s executive vice president and chief underwriter of the professional liability division