MGU Laplace Alternative Risk Solutions launches

Laplace Alternative Risk Solutions, a newly formed managing general underwriter focused on alternative risk transfer solutions for large corporate insureds with complex, and hard-to-place risks, has launched with its structured insurance programs.

Laplace’s programs are backed by highly rated capacity (A- IX or better), with current limits starting at $10 million per occurrence and $10 million in aggregate. The company offers both multi-line and mono-line programs, with coverage available across Property, General Liability, Auto Liability (buffer), Miscellaneous Professional Liability, D&O, and additional lines. Laplace also offers facultative reinsurance to captives and carriers for structured solutions.

Laplace was founded by Richard Zhang, an expert in alternative risk transfer with more than 30 years of insurance experience. Zhang will serve as the company’s CEO. Laplace’s programs are available now for insureds located in the United States.

The company is backed by Mission Underwriting, a provider of capital and capacity to program administrators.