The Rising Edge Platform
Everything you could need to know about Rising Edge: our details; partners; appetites; operating model and submissions.
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Rising Edge Ltd is an Underwriting Agency company registered in England and Wales (No. 9127174) and regulated by the Financial Conduct Authority (No. 979522). Our Legal Entity Identifier (LEI) is 549300ROFRMCGCDF5G48.
As an underwriting agency, our role is to underwrite the risks and handle the claims. We do not give advice about the product. That’s the role of the broker intermediary.
The insurance policies are issued in accordance with the authority an insurer has delegated to Rising Edge Ltd.
The insurer is Accredited Insurance (Europe) Ltd and/or Accredited Insurance (Europe) Ltd – UK Branch.
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Accredited Insurance (Europe) Limited
Development House
St Anne Street
Floriana FRN 9010
MaltaAccredited Insurance (Europe) Limited is licensed in accordance with the Insurance Business Act, 1988 (Chapter 403, Laws of Malta) to carry out insurance and reinsurance business. Accredited Insurance (Europe) Limited are regulated by the Malta Financial Services Authority, Malta and by the Central Bank of Ireland for Conduct of Business Rules. (No. C124640).
Accredited Insurance (Europe) – UK Branch
71 Fenchurch Street
London
EC3M 4BS
United KingdomAccredited Insurance (Europe) Limited – UK Branch is authorised and regulated by the Malta Financial Services Authority and authorised by the Prudential Regulation Authority and with deemed variation of permission. It is also subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.
Accredited Insurance (Europe) Limited – UK Branch (UK Establishment Number: BR021362; FRN:608422) is the UK Branch of Accredited Insurance (Europe) Limited which is incorporated in Malta (Company number: C59505) with limited liability and with its registered office and principal place of business as set out above.
Accredited Insurance (Europe) has an AM Best financial rating of -A. Further details can be located here.
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Rising Edge Ltd operates with strongly rated (re)insurers.
Our longterm partnerships with our (re)insurers provides our clients with financial security and allows Rising Edge Ltd to operate efficiently and with speed when servicing its brokers’ and clients’ needs.
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We are specialists in providing directors’ and officers’ insurance.
Our underwriting team is led by our managing director, Yoel Brightman.
The main tenets of our offering are breadth of appetite, speed of response, and flexibility of service. We are keen to write a wide spectrum of risks from small private companies to larger complex publicly traded organisations.
We pride ourselves on our appetite to attach in the primary and low excess layers where we can be most meaningful to our clients demonstrating our values, competencies, and claims expertise.
We harness an array of data points and trends, valuable insights from our key legal relationships with leading international law firms and from our proprietary predictive modelling to allow us to assess and price risks competitively, whilst maintaining stable returns for underwriting capital providers.
In addition to D&O, we are launching ancillary lines of management liability insurance such as employment practice liability, commercial crime, and pension trustees’ liability for which we also bring a wealth of experience in underwriting, and claims handling, on a primary basis.
Ultimately, we aspire to be a key partner on D&O for brokers and clients and we are dedicated to working faster, and with a broader mindset to find commercial risk financing solutions to the day's increasing D&O perils.
Limits Offered:
$/€/£ 5,000,000 capacity per risk.
We favour primary or 1st excess positions. Most of our risks sit within the first $/€/£ 25,000,000 of cover.
Appetite and Territories:
Broad appetite for commercial entities (private and public, including US listed) with very few limitations.
Appetite for facilities, portfolio and structured approach.
Territories (domicile):
• UK - Insurer: Accredited Insurance (Europe) Ltd– UK Branch
• EEA/EU - Austria, Belgium, Bulgaria, Croatia, Cyprus, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia; Lichtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden - Insurer: Accredited Insurance (Europe) Ltd
• RoW - Australia, British Virgin Islands, Bermuda, Canada, Cayman Island, Guernsey, Hong Kong, Israel, Marshall Islands, New Zealand, Singapore - Insurer: Accredited Insurance (Europe) Ltd– UK Branch
Limitations: US domiciled, financial institutions, nuclear, tobacco, mining, oilsands, weapons and munitions.
Wordings:
Rising Edge forms with flexibility to use and follow market recognised forms.
Ancillary Lines:
In addition to D&O, Rising Edge is launching ancillary lines of Management Liability such as Employment Practices Liability, Pension Trustees’ Liability, and Crime Insurance for which we also bring a wealth of experience in underwriting and claims handling on a primary basis.
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Clients and Brokers in the EU/EEA are serviced by Rising Edge through our local partner, Artex Insurance Brokers (Europe) PCC Ltd (“Artex”).
Artex are domiciled in the EU, and regulated by the Malta Financial Services Authority (registration details can be found here).
Artex handles all the regulated activities within the EU/EEA, including the setting up of TOBAs, receiving submissions and issuing quotes for EU/EEA clients.
All EU/EEA insurance policies are issued by Accredited Insurance (Europe) Limited, an EU domiciled and regulated insurer.
For any legal or compliance questions please email our General Counsel, Owen Dacey.
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For UK and London market authorised brokers (including EEA/EU brokers with a UK branch):
please send your submissions to any of the following:
For EU / EEA domiciled brokers:
please send your submissions either: through your London Market hub / your London Market wholesale broker; or directly to submissions.europe@risingedge.eu
For Ireland domiciled brokers:
please send your submissions either: through your London Market hub / your London Market wholesale broker; or to submissions.ireland@risingedge.co
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For UK authorised brokers (including authorised UK branches of EEA/EU firms), to establish a TOBA with Rising Edge Ltd, please email: tom.dickman@risingedge.co with a copy to owen.dacey@risingedge.co
For EU and EEA established brokers, please note that your TOBA will be with Artex Insurance Brokers (Europe) PCC Ltd and that you should email: Rosanne_jaccarini@artexrisk.com at Artex for the arrangement of the TOBA, with a copy to Evander_borg@artexrisk.com