News from Counterpart, Corvus Insurance, J.S. Held and more. (Photo: Shutterstock)

Counterpart launched its Excess insurance product for small businesses. Backed by Aspen, the Excess policy is another offering to support small businesses in a time of heightened litigation. Counterpart is the first management liability provider to utilize proprietary data and cutting-edge technology in response to the increasing settlement and legal expenses, which can easily bankrupt a small business. Claims expenses have spiked in recent years due to plaintiff friendly legal environments and unrestrained legal fees.

Corvus Insurance partnered with SiriusPoint Ltd., the global specialty insurer and reinsurer, and R&Q Accredited, the leading program management solution provider. The enhanced program, with R&Q Accredited continuing as the fronting insurer, follows an initial investment and multi-year underwriting capacity partnership announced in September, 2021.

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