Admiral relaunches excess professional liability product

Admiral Insurance Group, a W. R. Berkley company, has relaunched AdmiralPro Excess, its excess professional liability product distributed exclusively through wholesale brokers.

The updated product provides follow-form coverage across multiple underlying policies and carriers. It can also sit above policies combining professional liability and casualty coverage, with casualty written on either an occurrence or claims-made basis.

Admiral redesigned the policy form and endorsements to allow coverage terms to be tailored to individual risks. It also updated its quotes, binders, declarations and underlying insurance schedules to provide clearer information about coverage, limits and policy terms.

“As a wholesale-only market, our brokers are at the center of everything we do. We’re focused on continuously evolving our solutions and our underwriting approach so our appointed brokers have what they need to write more business and more importantly, deliver the right coverage to their clients. AdmiralPro Excess reflects that focus; it’s a new and improved approach built to support brokers and the insureds they serve.” – Senior Vice President of Professional Liability Underwriting, Nir Gabay.