Distinguished Programs partners with Covington Specialty
Program manager Distinguished Programs announced a strategic partnership with Covington Specialty Insurance Company , a RSUI Group subsidiary, to provide executive lines insurance products exclusively to the wholesale brokerage community. The Distinguished Executive Lines business will begin accepting submissions on January 2, 2024.
Distinguished will initially offer a true follow-form excess product covering Directors and Officers, Employment Practices, and Fiduciary Liability for public, private and non-profit risks. A competitive primary, modular private and non-profit product offering the same coverages will be released in the first quarter of 2024. The team’s strategy will be to avoid broad-brush underwriting, and instead offer risk-specific underwriting and tailored solutions to each individual risk’s unique exposures. Experienced underwriters will drive these decisions, prioritizing both speed and accuracy.
“With our top-tier platform in place, I’m pleased to announce that Distinguished Executive Lines is open for business. We are a high-energy, full-service management liability platform exclusively serving the wholesale community, offering D&O, EPL, and Fiduciary products. Our commitment is to provide a top-of-the-market MGA experience with exceptional service, led by experienced, decisive, and empowered underwriters.” – Ryan Becker, president of Distinguished Executive Lines.
“Our partnership with A++ XIV rated Covington Specialty is a pivotal step in our strategy to unite top tier underwriting teams with outstanding carriers. Both Covington and Distinguished’s Executive Lines team are market leaders, with a deep understanding of the nuances of the wholesale channel. Together, we create a formidable partnership.” – Steve Sitterly, COO of Distinguished.
“We are thrilled to embark on this journey with Distinguished and the talented group of expert underwriters Ryan has assembled. Underwriting expertise is critical to any relationship RSUI forms and Distinguished’s underwriting knowledge sets it apart from other MGUs in the marketplace. Our long history in supporting the wholesale community in executive lines is further enhanced by our participation in this program. We are looking forward to the launch and the growth of our partnership with Distinguished.” – Phillip McCrorie, chairman and CEO of RSUI Group.
