Darwin Professional Underwriters, Inc. (Darwin) (NYSE: DR) announced it will begin to offer management and professional liability coverage for alternative risk transfer (A.R.T.) facilities, including captives, risk retention groups, reciprocals, and exchanges, as well as privately held non-rated insurance companies (i.e., insurance companies without an A.M. Best Company financial strength rating). Darwin has partnered with one of the most experienced A.R.T. specialists, Ohio-based Quadrant Insurance Managers (Quadrant), as its underwriting partner for this product.

The product, A.R.T. management and professional liability insurance, is geared towards A.R.T. facilities that offer property and casualty, workers' compensation, and life, accident, and health solutions with $250 million or less in annual gross written premium. Coverage is made up of directors and officers (D&O) liability, employment practices liability (EPL), and professional liability (E&O) insurance.

The product offers several distinct features and is designed to be a flexible platform that can be amended to meet the special requirements of clients. Coverage is available for subsidiary operations, including claims administrators, captive managers, and managing general agents/underwriters. A proprietary loss control program is also available at no additional cost.

"A.R.T. facilities often have inadequate management and professional liability coverage because they either lack an AM Best rating or are misunderstood risks by carriers as a whole," explains Nicole Haggerty, vice president, professional liability underwriting. "Darwin's expertise crafting customized coverage for specialty insurance operations provides unique insight in designing a comprehensive solution for this underserved niche."

"The loss control program was designed by a team of experts in all facets of the insurance business to help clients build or improve their own best practices," states Mark Harris, President of Quadrant. "We have built a protocol designed to assist A.R.T. facilities to perform a meaningful self- evaluation process. The process will be valued by many clients but will not be mandatory."

About Darwin

Darwin is a specialty insurance group based in Farmington, Connecticut. The company is focused on the professional liability insurance market and underwrites directors and officers ("D&O") liability for public and private companies, errors and omissions ("E&O") liability insurance, and medical malpractice liability insurance. Coverage descriptions are summaries only, and the complete policy should be read. Darwin member companies include Darwin Professional Underwriters, Inc., Darwin National Assurance Company (DNA), and Darwin Select Insurance Company (DSI). DNA and DSI have earned a financial strength rating of "A- (Excellent)" from A.M. Best Company. Darwin is traded on the NYSE Arca exchange under the ticker symbol, "DR." The company became NYSE Arca's first listed company with its initial public offering in May 2006.
About Quadrant

Quadrant serves as a national managing general agency (MGA) for multiple commercial insurance programs primarily in the professional liability and specialty program marketplace. Quadrant has experience locating areas where the market is underserved and creating programs to fill the void. Additionally, Quadrant has experience designing and forming captives, trust programs and other alternative risk structures.

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