Long time industry veteran Peter McKeegan to lead new facility.
Rockhill Insurance Company announced today that it is entering the Management & Professional Liability insurance sector under the leadership of industry veteran Peter McKeegan as Senior Vice President. Initially, Peter will focus on Directors & Officers Liability and Professional Liability insurance, with additional Management and Professional Liability products to be introduced in the near future. All products will be distributed exclusively through selected wholesale insurance brokerage organizations.
According to Richard Parks, President of Rockhill’s Specialty Division, "The current financial crisis has negatively impacted the availability of quality Management & Professional Liability insurance coverage in key sectors. We anticipate that demand for product and placement expertise for these specialty coverages will only increase. With the addition of Pete McKeegan to our management team, Rockhill is well positioned to serve the increased demand for experienced underwriting that the wholesale insurance brokerage community expects.”
Pete McKeegan has been a recognized expert in the Professional Liability insurance sector for 25 years. Over a 15 year career with American International Group, Pete held senior management positions in both home office underwriting management and regional management areas. In addition to his years at AIG, Pete has been a senior manager at the inception of three start-up insurance operations: Axcelera Specialty Risk; Arch Insurance Group; and most recently IronPro, a division of Ironshore Insurance.
“I am very excited about the opportunity to play such an exciting role in creating and building the new Management & Professional Liability Division within Rockhill. Over the past year, wholesale brokers have been expressing the need for a new professional lines market dedicated to wholesale-only distribution. With the changes already taking place in the insurance market, I see this demand only growing” said Mr. McKeegan.
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