London-based board members and executives of General Agent Rising Edge Ltd. has officially launched and is recruiting former executives from American International Group Inc., Axa XL, Marsh LLC and Travelers Cos. Inc. to its ranks.
Supported by the capabilities of Bermuda-based reinsurers Vantage Risk Ltd., Rising Edge will cover UK and European companies, including those holding securities in the United States.
Rising Edge is also supported by Accredited Insurance (Europe) Ltd., a Randall & Quilter Group Co., which provides the necessary insurance licenses to write business.
Miles Murphy has joined Rising Edge as CFO and chief operating officer, the company said in a statement Wednesday. Murphy was previously Head of Operations and Transformation Services at AIG Asia Pacific.
Owen Dacey has been appointed Liability Officer with effect from 1
Eleanor Fisher has been appointed insurer and will take effect in the coming weeks. Fisher was previously vice president and US wholesale broker who worked with financial lines including D&O at Marsh in London.
Jamie Banks will also participate as an insurer from 1 June. Banks was previously an associated guarantor in the management responsibility of Travelers.
One of a growing number of new players in the D&O market, MGA is led by industry leaders Philippe Gouraud and Yoel Brightman.