Arrow Risk Management, a specialist MGA underwriting platform, has announced a strategic partnership with Bridgehaven Specialty UK Limited to launch its Tech Errors & Omissions (E&O) underwriting practice. This collaboration aims to provide combined Tech E&O/Cyber coverage primarily to organizations delivering technology products and services.
The Tech E&O underwriting practice will be led by Graeme King, a seasoned professional in the industry. Arrow Risk Management will leverage its MGA platform to offer best-in-class services to clients seeking comprehensive coverage for potential liabilities arising from technology-related errors or omissions.
According to Arrow Risk Management, the partnership with Bridgehaven Specialty UK Limited will enable the company to enhance its underwriting capabilities and expand its market presence in the tech sector. By focusing on Tech E&O insurance, Arrow aims to address the evolving needs of technology companies facing increasing risks in a rapidly changing digital landscape.
The launch of the Tech E&O underwriting practice comes at a time when technology firms are grappling with heightened cybersecurity threats, regulatory challenges, and the need for specialized insurance solutions. By offering tailored coverage options, Arrow Risk Management and Bridgehaven aim to provide peace of mind to tech companies while supporting their growth and innovation initiatives.
Industry experts have welcomed the collaboration between Arrow Risk Management and Bridgehaven Specialty UK Limited, citing the growing demand for Tech E&O insurance in today’s digital economy. With technology playing an increasingly pivotal role in business operations, the need for comprehensive risk management solutions has never been more critical.
The market impacts of this partnership are expected to be significant, as tech companies seek reliable insurance partners to navigate complex risk landscapes. By combining expertise in underwriting and capacity provision, Arrow Risk Management and Bridgehaven aim to offer a compelling value proposition to clients seeking robust protection against technology-related liabilities.
In conclusion, the launch of the Tech E&O underwriting practice by Arrow Risk Management in partnership with Bridgehaven Specialty UK Limited underscores the industry’s commitment to addressing emerging risks in the tech sector. As technology continues to drive innovation and transformation across industries, the availability of specialized insurance solutions will be crucial in safeguarding businesses against unforeseen challenges.
#ArrowRiskManagement #BridgehavenSpecialtyUK #TechEO #InsuranceIndustry #TechnologySector #NexSouk #AIForGood #EthicalAI
References:
1. ReinsuranceNe.ws. “Arrow Risk Management launches Tech E&O underwriting practice with Bridgehaven backing.” [Link]
2. Insurance Age. “MGA Arrow targets tech E&O with Bridgehaven deal.” [Link]
3. Insurance Journal. “Markets/Coverages: MGA Arrow Launches Tech E&O Practice With Bridgehaven Capacity.” [Link]
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