26 May 2021Life

Vantage Risk to provide reinsurance capacity for new D&O MGA Rising Edge

Vantage Risk, the Bermuda-based class four reinsurer, will provide A-rated reinsurance capacity for Rising Edge, the London-based directors’ and officers’ (D&O) managing general agent (MGA) that has now opened its doors for business.

Accredited Insurance (Europe), a Randall & Quilter Group company, will provide the required insurance licenses for Rising Edge to underwrite business.

New launch Rising Edge made four hires to mark its unveiling. Miles Murphy was named its finance director and chief operating officer, joining from AIG Asia Pacific where he was head of operations and transformation services.

Owen Dacey becomes head of claims, having most recently served as claims manager and regional practice leader for management liability at AXA XL. He has more than ten years of experience managing high value complex D&O claims globally, and has particular experience in US securities litigation.

Eleanor Fisher and Jamie Banks join as underwriters. Fisher joins from Marsh London, where she was a vice president and US wholesale broker, working on financial lines, including D&O, and previously served as an underwriter in the management liability team at AXA XL. Banks joins from Travelers where he served as associate underwriter in the management liability team, and was also previously part of the management liability team at AXA XL.

Philippe Gouraud, Rising Edge’s chief executive officer, said the support from Vantage Risk and Accredited Insurance demonstrated the robust business it has developed. “It is important that from day one we have a client and broker focussed underwriting team, battle hardened talent to help our clients deal with complex D&O claims, and a top-class operational backbone to deliver best-in-class service to our brokers,” he said.