Business Risk Partners (BRP), a Windsor, Conn.-based specialty insurance program administrator, has appointed Brad Lacey as a principal underwriter focused on management and professional liability products.
Simultaneously, BRP has assumed the renewal rights to a management and professional liability portfolio managed by Lacey that was previously underwritten by V3 Insurance Partners, LLC (V3).
Effective immediately, BRP will solicit V3 management and professional lines renewals through the producing broker. BRP will offer renewal terms to qualifying insureds through its Validus Specialty facility on admitted Stratford paper.
Lacey has more than 20 years of experience in the specialty lines segment at both carriers and managing general agencies. Prior to building a specialty lines practice with V3, he had a long tenure with Philadelphia Insurance Companies in a variety of roles. Early in his career, Lacey also worked as a production underwriter for Victor O. Schinnerer and USF&G.
Founded in 2000, BRP is privately held and offers a variety of professional liability, management liability, data breach and privacy and hybridized specialty products and services to agents and brokers serving middle market customers nationwide.
Founded in 2009, V3 Insurance Partners LLC is a Newtown, Penn.-based specialty program administrator offering insurance programs targeted at middle market companies. Its practice groups include internet workers’ compensation (V3iConnect) and property and casualty programs.
Source: Business Risk Partners
Topics Mergers & Acquisitions Commercial Lines Excess Surplus Business Insurance Underwriting Connecticut Professional Liability
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