Distinguished Programs, SiriusPoint partner on environmental insurance program
National insurance program manager Distinguished Programs has announced a new partnership with SiriusPoint to expand into environmental, construction pollution and professional insurance.
As part of the multi-year program agreement, SiriusPoint’s environmental team, led by Doug Stepenosky, will move to Distinguished Programs, with Stepenosky named president of Distinguished’s environmental program.
Business will continue to be written on SiriusPoint paper. Claims handling on both the existing book and new business will continue to be handled by the environmental claims team, the companies said.
“We are thrilled to be working with SiriusPoint and appreciate the confidence they have shown in us,” said Jason Rotman, president of Distinguished Programs. “Distinguished has ambitious plans to bring on first-class underwriting teams in specialty lines, and this is the next step to achieving that goal. Doug and his team bring unparalleled expertise in the environmental insurance space and are a welcome addition to the Distinguished team.”
“This is a great solution for everyone, particularly our clients and brokers,” Stepenosky said. “We now have all the tools to grow the business and to maintain consistency with the team and paper. We are appreciative of SiriusPoint’s historical and future support and look forward to working with them for years to come.”
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In addition to Stepenosky, the environmental team includes two dozen professionals with a broad range of environmental and insurance-related experience. The program will join Distinguished’s existing primary and umbrella insurance coverages for real estate, fine art and collectibles, community associations, hotels and restaurants.
Stepenosky and his team are the latest additions to Distinguished Programs. In October, the company appointed Beth Fulton and Linda Picha as regional sales executives.
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