Risk Placement Services Inc. (RPS) News

Over 20 New E&S Entrants Reshaping Marketplace: RPS

Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess & surplus marketplace over the last couple of years โ€“ and they may be more aggressive than incumbent insurers. …

Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount

LONDON โ€“ Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and U.S. …

RPS, AXIS Insurance Launch Coverage for Home-Based Businesses

E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched an insurance product for home-based businesses with AXIS Insurance that is available to purchase online. The quote-bind-issue Home Based Business product offers customized coverage designed specifically for …

Risk Placement Services Launches Online Commercial Crime Product

E&S wholesale broker and managing general agency Risk Placement Services has launched a commercial crime insurance product to cover losses resulting from fraud committed by internal and external parties. Available to quote-bind-issue through RPS’ online platform, this new commercial crime …

Risk Placement Services Enhances Crisis Management Service for Businesses

Risk Placement Services has enhanced its Crisis Protect product for clients, in response to the evolving risk landscape. In partnership with R3 Continuum, a U.S. crisis consulting firm, the Crisis Protect product now gives clients access to additional professional advice, …

Risk Placement Services Creates North Central Region Transportation Team

Rolling Meadows, Illinois-based insurance wholesaler, managing general agent (MGA) and specialty insurance distributor, Risk Placement Services Inc. (RPS), has expanded its Transportation business unit with the creation of a new Transportation team for the North Central states of Wisconsin, Minnesota, …