D&O MGA Rising Edge launches

London-based directors’ and officers’ (D&O) MGA Rising Edge has announced its official launch and the appointment of four key hires. Rising Edge will offer the full spectrum of D&O coverage – offering primary and low attachment cover for a breadth of different companies, from those with US listed securities or international exposures to private businesses.

Vantage Risk, the Bermuda-based Class 4 reinsurer will provide the “A-”rated reinsurance capacity. Accredited Insurance (Europe), a Randall & Quilter Group Company, also “A-”rated, will provide Rising Edge with the required insurance licenses to underwrite business.

“Today’s launch comes ahead of target and is a testament to our commitment to creating a best-in-class business. The support from both Vantage Risk and Accredited Insurance is a real marker of the robust business we have developed. I am also delighted to be able to announce senior and key hires. 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. Having delivered such an operational platform in such little time is a testament of the quality of our team and business partners. We now look forward to deliver best in class experience to our clients and brokers. And to make this day a really great day, we are very pleased to report that the team has already responded to several quote requests from broker partners! Off to a flying start!” – Philippe Gouraud, CEO at Rising Edge.

Rising Edge has also announced the appointments of the following four hires:

  1. Miles Murphy takes on the role of Finance Director and Chief Operating Officer.
  2. Owen Dacey has been appointed Head of Claims. Most recently Owen served as Claims Manager and Regional Practice Leader, Management Liability, at AXA XL.
  3. Eleanor Fisher has been appointed Underwriter and joins from Marsh London, where she was a Vice President and US wholesale broker working on financial lines, including D&O.
  4. Jamie Banks joins as Underwriter from Travelers, where he served as Associate Underwriter in the Management Liability Team.

“As a new business, the calibre of these new hires confirms our dedication to underwriting excellence. The appointment of Miles and Owen marks an important step in the launch of Rising Edge, bringing end-to-end credibility to our business offering. Their wealth of experience and knowledge will be invaluable to the team as we grow a business focussed on servicing the D&O insurance market to the highest level – for clients and for brokers. I have had the privilege of working with both Eleanor and Jamie in the past and have seen their talents first hand. They both exude genuine enthusiasm in their work, diligence in their underwriting and have enormous potential. I’m delighted they’re joining us.” – Managing Director Yoel Brightman.