She has been with the corporate since 2020
At-Bay has introduced the appointment of Kristie Felton as the pinnacle of insurance coverage and the growth of its miscellaneous skilled legal responsibility (MPL) product.
Felton, a stalwart within the insurance coverage trade with over 20 years of expertise, beforehand held the place of head of partnerships at At-Bay since her becoming a member of in 2020. In March 2023, she took on the function of interim head of insurance coverage.
In her function as head of insurance coverage at At-Bay, Felton is tasked with overseeing the strategic path and execution of the corporate’s underwriting, partnerships, and discipline operations, together with the underwriting staff and underwriting technicians. Her duty extends to making sure At-Bay’s ongoing market management in underwriting profitability and customer support excellence.
“Kristie is an exceptional chief and has been doing an unbelievable job main our underwriting group. We’re very excited to see our staff proceed to flourish below her management,” At-Bay co-founder and CEO Rotem Iram stated. “I am personally excited for the opportunity to work more closely with Kristie and benefit from her leadership and experience in the executive team.”
At-Bay’s MPL growth
Besides Felton’s new function, the insurance coverage supplier additionally added greater than 40 new courses of enterprise to its MPL product, in addition to elevated its eligible income restrict for companies to $50 million. Industries below the road embody actual property, schooling, consulting, monetary providers, media and communication, employment and staffing, in addition to authorized and safety providers.
Through At-Bay’s proprietary threat engine, the corporate touted that the evaluation and pricing of MPL dangers are considerably improved when it comes to pace and accuracy. On the dealer platform or by a distribution associate, as an example, brokers can get a normal At-Bay MPL quote in lower than two minutes if companies meet all eligibility standards. If underwriter evaluations are essential, the response time is normally inside 48 hours. Additionally, MPL quotes are actually accessible to brokers by way of e mail, increasing accessibility past At-Bay’s dealer platform and distribution associate community.
The firm underwrites MPL insurance policies by United Specialty, a subsidiary of Markel. It presents capability of as much as $5 million in limits for companies, along with protection for cyber legal responsibility and know-how errors and omissions.
“At-Bay’s Miscellaneous Professional Liability product continues to expand to meet the needs of our brokers and insureds,” At-Bay head {of professional} legal responsibility Austin Martin stated. “We now offer brokers wide and comprehensive coverage for more than 130 MPL classes, with expanded appetite to support larger businesses. Our world-class underwriters and claims managers also continue to provide the same exceptional service that At-Bay has become known for within the industry.”
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