Hub International has launched a new professional & executive risk (ProEx) specialty practice for North America.
The new practice combines more than 100 Hub specialists with executive liability, professional liability, tech/cyber, and transactional risk insurance placement capabilities, and specialized risk and claims services.
Hub ProEx will be led by David Garrigus, who will manage the overall North American practice and growth strategy. He has almost 20 years of experience as a broker focused on executive management and professional liability of large and complex risks. He joined Hub in 2019 as executive vice president and as the regional management liability, professional liability, cyber, and transactional risk practice leader.
"The HUB ProEx practice continues our strategy to provide the best resources, specialists and expertise, for public, private and nonprofit clients who are experiencing greater exposure and risk every day," said Hub International president and CEO Marc Cohen. "HUB's ProEx team has proven expertise in the professional, financial and executive risk areas, advising C-suite clients on their potential exposures and creating innovative insurance and risk solutions for their needs."
"Today, organizations are exposed to a more complex and costly legal and regulatory environment, and the risks are only going to get more complicated," commented Garrigus. "Our ProEx team has been helping these organizations delivering more comprehensive solutions that provide better placement, analytics and insights to protect them from existing and evolving threats."
On top of providing insurance, risk advice, and claims advocacy in executive liability, professional liability, transactional risk, and cyber/technology E&O, the ProEx practice will work alongside Hub’s specialty and industry practices to develop industry-specific placements and advisory risk and claims guidance.
Last September, Hub lanced a new captive insurance program for real estate owners, operators, and managers of multi-family properties and/or commercial spaces.
