Arch Insurance coverage Int’l Launches Intangible Belongings Group for IP Dangers

Arch Insurance coverage Worldwide has launched an intangible belongings staff, which joins from Aon following an settlement to amass sure belongings of its mental property (IP) legal responsibility MGA enterprise.

Led by Ian Lewis as head of Intangible Belongings, the five-person underwriting staff will supply a spread of insurance coverage options that present complete safety to companies for the fast-evolving intangible asset atmosphere.

Protection might be offered to organizations of all sizes for a broad vary of dangers, together with mental property infringement exposures, contractual liabilities, invalidation and enterprise interruption. Lewis will report back to Duncan Smith, head of Skilled Traces.

With greater than 30 years of insurance coverage market expertise, Lewis has labored primarily within the mental property and intangible danger arenas. Most not too long ago, he was international head of Mental Property Underwriting Options at Aon. Previous to Aon, Lewis held roles at Tokio Marine Kiln, Samian Underwriting Company and Miller Insurance coverage Companies.

Primarily based in London, the underwriting staff additionally contains Justyn Hardcastle, senior underwriter; Carys Bickmore, underwriter; Ben Kemsley, underwriter and Chris Sclimenti, a U.S.-based senior underwriter who will work intently with the London staff. Sclimenti may also be liable for spearheading Arch’s life sciences follow.

“The launch of our intangible belongings staff is a pure development for Arch as we proceed to develop our skilled strains choices. We see important alternatives for progress on this class and are effectively positioned to supply our brokers and mutual purchasers complete options to reply to the evolving dangers to their intangible belongings,” commented Hugh Sturgess, chief government officer, Arch Insurance coverage Worldwide, in an announcement.

“By bringing on board a longtime and revered staff led by Ian, we search to determine Arch as a lead market within the intangible belongings area,” Sturgess added.

“We’re very pleased with the underwriting staff and the way they’ve helped Aon proceed to develop the IP legal responsibility insurance coverage market over the previous couple of years,” in keeping with Lewis Lee, CEO of Aon’s Mental Property Options.

“In an innovation-driven progress economic system, options involving IP belongings characterize a major alternative for Aon and the insurance coverage business globally. We are going to proceed to deal with broking the complete mixture of IP options for our purchasers – which incorporates persevering with to develop our IP legal responsibility enterprise,” Lee continued.

Supply: Arch Insurance coverage Worldwide

Matters
New Markets