At-Bay unveils new insurance coverage head, MPL enlargement

At-Bay has introduced the appointment of Kristie Felton as the pinnacle of insurance coverage and the enlargement of its miscellaneous skilled legal responsibility (MPL) product.

Felton, a stalwart within the insurance coverage business with over 20 years of expertise, beforehand held the place of head of partnerships at At-Bay since her becoming a member of in 2020. In March 2023, she took on the function of interim head of insurance coverage.

In her function as head of insurance coverage at At-Bay, Felton is tasked with overseeing the strategic route and execution of the corporate’s underwriting, partnerships, and subject operations, together with the underwriting group and underwriting technicians. Her duty extends to making sure At-Bay’s ongoing market management in underwriting profitability and customer support excellence.

“Kristie is an exceptional chief and has been doing an unimaginable job main our underwriting group. We’re very excited to see our group proceed to flourish underneath her management,” At-Bay co-founder and CEO Rotem Iram mentioned. “I’m personally excited for the chance to work extra carefully with Kristie and profit from her management and expertise within the government group.”

At-Bay’s MPL enlargement

Apart from Felton’s new function, the insurance coverage supplier additionally added greater than 40 new courses of enterprise to its MPL product, in addition to elevated its eligible income restrict for companies to $50 million. Industries underneath the road embody actual property, training, consulting, monetary companies, media and communication, employment and staffing, in addition to authorized and safety companies.

By way of At-Bay’s proprietary threat engine, the corporate touted that the evaluation and pricing of MPL dangers are considerably improved by way of pace and accuracy. On the dealer platform or by means of a distribution accomplice, as an example, brokers can get a normal At-Bay MPL quote in lower than two minutes if companies meet all eligibility standards. If underwriter critiques are crucial, the response time is normally inside 48 hours. Moreover, MPL quotes are actually accessible to brokers by way of e-mail, increasing accessibility past At-Bay’s dealer platform and distribution accomplice community.

The corporate underwrites MPL insurance policies by means of United Specialty, a subsidiary of Markel. It gives capability of as much as $5 million in limits for companies, along with protection for cyber legal responsibility and know-how errors and omissions.

“At-Bay’s Miscellaneous Skilled Legal responsibility product continues to broaden to satisfy the wants of our brokers and insureds,” At-Bay head {of professional} legal responsibility Austin Martin mentioned. “We now provide brokers large and complete protection for greater than 130 MPL courses, with expanded urge for food to help bigger companies. Our world-class underwriters and claims managers additionally proceed to supply the identical distinctive service that At-Bay has change into identified for throughout the business.”

What are your ideas on this story? Please be at liberty to share your feedback beneath.