Professional Liability specialist underwriting manager Doe & Emuss launches
Doe & Emuss (D&E), a boutique Professional Liability underwriting manager, has launched with approved coverholder status at Lloyd’s.
Founded and led by industry veterans David Doe, Chief Executive, and Paul Emuss, Managing Director, D&E will place and manage Professional Liability portfolios, underwriting policies on Lloyd’s paper supported by eight to ten top-performing syndicates.
Doe remarked, “We are very excited to be launching this new venture.
“There remains unprecedented demand in the North American market for Professional Liability insurance. We believe it is the right time to offer the market a new and truly independent platform for US and Canadian agents and brokers as well as Lloyd’s brokers seeking risk placement solutions.”
The US Professional Liability market is valued at approximately $35 billion in premium volume and continues to grow. “The US remains the world’s largest economy with the most litigious society in the world, so demand remains buoyant for our type of products,” Doe added.
D&E will offer a full suite of Professional Liability underwriting services through wholesale brokers and agents across London, the US, and Canada.
Emuss commented, “The Professional Liability insurance we sell keeps the wheels of commerce going in the United States and Canada.”
He continued, “This is the perfect time for D&E to partner with market-leading syndicates and brokers in Lloyd’s to offer specialist coverage and outstanding claims handling to the businesses and professionals that need it the most. We are authorised to underwrite over 10,000 professional classes. We are in a market-leading position, focussing on small-to-medium enterprise (SME) businesses – we are more ‘Main Street’ not ‘Wall Street’.”
Doe also noted, “The post-pandemic market has created an opportunity for D&E with a noticeable decline in the Lloyd’s ‘open market’. We can hopefully offer solutions to Lloyd’s brokers as well as our agency base in North America.”
“Whilst we are moving into a slightly softer market, our production of new business is up substantially. We have a great opportunity given our combined years of underwriting experience, coupled with our cutting-edge technology, allowing us to handle substantial volumes of business,” Doe concluded.
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