Ascot launches MPL business unit

Ascot Group announced the launch of a Miscellaneous Professional Liability unit to provide comprehensive coverage for a wide range of professional service industries.

The launch of a new MPL unit broadens Ascot’s specialty product suite. MPL will be offered as a standalone product on a primary and excess basis, and on a blended basis alongside Cyber Liability, Media Liability and Technology E&O offerings.

“Professional service firms today are facing ever-evolving exposures set in a climate of escalating court settlements and increasing damages. Ascot has expanded and enhanced our existing MPL offering under a dedicated unit to help provide customized solutions to a growing range of firms. This launch increases our relevance with our trading partners and clients by delivering standalone and blended solutions along with leading risk management tools to effectively meet their growing needs.” – Todd Cusano, SVP, Professional Liability.

“As our organization grows, we continue to find ways to simplify the customer and broker experience while providing them with best-in-class service and solutions. The launch of a dedicated MPL business unit, as well as the reorganization of our professional liability suite as AscotPRO™ under Drew Walter, Executive Vice President and Head of AscotPRO™,both illustrate our deep commitment to our Professional Services customers. We look forward to delivering an expanded suite of solutions to our brokers and clients in this space.” – Brian Chiolan, EVP and head of U.S. Financial Lines.