Liability market

Management and professional liability insurer launched in London

A new insurer specialising in management and professional liability insurance with a focus on small and medium-sized enterprises (SMEs), has been launched by London-based Beat Capital Partners, a subsidiary of Ambac Financial Group, and Doug Karpp, former executive at Hiscox and AIG. The new firm, proRISE Insurance Services, is backed by A+ rated capacity, and writes on behalf of a consortium led by Beat Syndicate 4242 at Lloyd’s.