Markets/Coverages: E&S MGA Ledgebrook Launches Architects & Engineers Product

June 21, 2024

Ledgebrook, the Boston-based excess-and-surplus managing general agent, announced it will be expanding its professional lines offerings by launching an architects and engineers product with its capacity provider, the insurer Obsidian.

Carolyn Pearce has joined Ledgebrook as its A&E practice leader with over 25 years of industry experience, having previously served at Hudson Insurance Group, Argo, Lexington (AIG), and Chubb Insurance. Her extensive background in the A&E sector includes various leadership roles where she consistently drove profitable growth and advanced risk management outcomes.

“I am excited to be a part of the Ledgebrook team, launching the Architects and Engineers product. By combining industry expertise with the best-in-class technology, Ledgebrook is uniquely positioned to offer our wholesale broker partners an unparalleled service in the A&E space,” Pearce commented.

This announcement follows the launch of Ledgebrook’s Miscellaneous Professional Liability and Allied Healthcare product with Obsidian. Expanding into the A&E sector marks another significant step in broadening Ledgebrook’s professional liability offerings.

Earlier this year, Ledgebrook completed a $24 million Series A raise, which will directly support the launch of new E&S products, attract more top talent, and fund further investments in their proprietary tech stack.

About Ledgebrook and Obsidian

Led by insurance industry veterans, tech-enabled Ledgebrook said its ultimate vision is to become a globally diversified re/insurer built from the ground up with modern technology. The E&S MGA said it aims “to provide the fastest, easiest quoting experience to wholesale brokers while delivering best-in-class pricing and risk selection via [its] innovative next-gen tech stack.”

New York City-based Obsidian Insurance Holdings is an insurance holding company with admitted and non-admitted insurance carrier subsidiaries that issue policies underwritten by managing general agents, managing general underwriters, and program managers. Obsidian was formed in 2020 in partnership with leading insurance industry executives and Genstar Capital.

Source: Ledgebrook

Topics Excess Surplus New Markets Insurance Wholesale

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