BOSTON, June 20,
2024 /PRNewswire/ -- Ledgebrook, a tech-enabled
E&S MGA, has announced that it will be expanding its
Professional Lines offerings by launching an Architects &
Engineers product with Obsidian. Carolyn
Pearce has joined the company 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," - says Carolyn Pearce.
"Ledgebrook is thrilled to bring our team's insurance expertise
along with our class-leading tech stack to the A&E market. This
powerful combination of people and technology will enable us to
offer a fast and seamless quoting experience to our current and new
Wholesale partners in the A&E space," - says John Mullen (Chief Underwriting Officer).
This announcement follows the successful 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.
Ledgebrook's innovative approach and dedication to excellence
have set a new standard in the E&S market. The company remains
committed to delivering unparalleled value and exceptional service
to all of its wholesale broker partners.
About Ledgebrook
Ledgebrook is a tech-enabled E&S MGA looking to provide the
fastest, easiest quoting experience to wholesale brokers while
delivering best-in-class pricing and risk selection via their
innovative next-gen tech stack. Led by insurance industry veterans,
the ultimate vision for Ledgebrook is to become a globally
diversified re/insurer built from the ground up with modern
technology. Visit us at Ledgebrook.com.
About Obsidian
Obsidian Insurance Holdings, Inc. 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 sources,
underwrites, and manages a diverse portfolio of property, casualty,
and specialty insurance programs, and reinsures the majority of the
business to select reinsurers. Obsidian was formed in 2020 in
partnership with leading insurance industry executives and Genstar
Capital. For more information, visit www.obsidianspecialty.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/after-successful-series-a-raise-ledgebrook-expands-partnership-with-obsidian-to-launch-architects-and-engineers-product-302176940.html
SOURCE Ledgebrook