USQRisk launches cyber MGA | Insurance Business America
USQRisk launches cyber MGA
New unit will provide cyber and blended cyber and technology E&O coverage
Global managing general agent USQRisk has announced the launch of Pera, a managing general agent that will provide cyber and blended cyber and technology errors and omissions insurance to large US-domiciled corporate risks.
Pera is launching as a division of USQRisk’s MGA accelerator and incubator, Desq. It is the first program to be brought to market by the accelerator. Pera will develop products for the US market for Chaucer Group.
The new MGA will be led by chief underwriting officer Jeffrey Batt, who will also serve as head of cyber.
Prior to Pera’s launch, Batt served in cyber leadership roles at M&T Bank, AmTrust Financial Services and Trium Cyber U.S. Services. He has also served as a senior client advisor at Marsh and an associate deputy general counsel at the Department of Defense.
“Cyber is a dynamic risk that continues to surprise and challenge even the most prepared entities, and we are excited to have Chaucer’s support in providing additional specialized capacity,” Batt said. “Desq has been instrumental in getting us to a point where we are ready to launch, and I look forward to working alongside the experts at USQRisk and Desq as we deliver new cyber products and solutions to the market.”
“The launch of Pera is an exciting opportunity for the US market, especially as cyber risks become increasingly complex and the need for specialized solutions increases,” said Piers Tuggey, head of cyber for Chaucer. “The combination of Chaucer and Pera underwriting expertise with A-rated capacity and USQRisk distribution capabilities brings a compelling offer to the cyber market.”
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