January 26, 2018

Windsor specialty underwriter expands its scope

Windsor specialty insurance underwriter Business Risk Partners (BRP) said Friday it is expanding its financial services, which may lead to more jobs at the company.

BRP offers professional liability, management liability, data breach/privacy and other specialty services to agents and brokers serving middle-market customers across the country.

The company said it will add two specialty insurance coverages: miscellaneous professional liability insurance for a broad range of lenders and advisors, along with comprehensive policy for registered investment advisors.

The company, which has 40 employees, says it plans to promote from within and hire from the outside as it expands its services.

"Understanding the financial service sector's risks has become challenging in recent years due to an evolving regulatory environment, changing technologies that include crowdfunding and crypto currencies, and the rise of alternative lenders," said Vincent Cisternino, a specialty insurance underwriting manager who now leads BRP's financial institutions practice.

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