Verve Risk Services has launched Verve Professions, expanding its US mid-market errors and omissions insurance offering to architects, engineers, law firms and accountants. The October 2026 expansion puts Jason Clark, an underwriter with 30 years of experience, in charge of the new unit.
Key Takeaways
- The new unit targets four US professional sectors: architecture, engineering, law and accounting.
- Jason Clark joins after serving as a senior US and international E&O underwriter at Faraday Underwriting.
- The launch follows Verve’s expansion into financial institutions insurance.
Table of Contents
- Verve Professions broadens the US underwriting remit
- Clark brings US and international liability experience
- Expansion builds on the 2023 management buyout
- Conclusion
Verve Professions broadens the US underwriting remit
The new unit extends Verve’s professional liability business beyond its established insurance-industry focus. Its target customers are US-domiciled mid-market professional firms, rather than the financial institutions served by the separately launched Verve Financial Institutions business.
Verve director Scott Simmons described the appointment as part of the company’s strategy to expand as a specialist mid-market managing general agent. He said supporting experienced underwriters to build their businesses was central to that approach.
Clark cited Verve’s underwriting approach, platform support, 100% Lloyd’s capacity and backing from B.P. Marsh as reasons for joining. Those comments explain his decision; the launch announcement did not provide premium targets or policy pricing.
| Item | Details |
|---|---|
| New unit | Verve Professions |
| Customer scope | US-domiciled mid-market architects, engineers, law firms and accountants |
| Leadership | Jason Clark, with 30 years of US and international liability-market experience |
| Investment milestone | B.P. Marsh initially subscribed for a 35% stake in April 2023 |
Clark brings US and international liability experience
Clark’s experience spans directors and officers insurance and professional indemnity markets. His most recent role was Senior Underwriter – US and International E&O at Faraday Underwriting.
Before Faraday, he spent a decade at Allied World, where he was Vice President, Class Underwriter and Head of Professional Indemnity. His appointment brings a dedicated leader to Verve’s expansion into the four professional sectors.
Expansion builds on the 2023 management buyout
Verve was established in 2016 as an underwriting cell of Castel Underwriting Agencies Limited. Its original business wrote professional and management liability products for insurance companies, agents and brokers across the US, Canada, Bermuda, the Cayman Islands and Barbados.
The team completed a management buyout in 2023 with investment from B.P. Marsh & Partners. B.P. Marsh’s investment in Verve began in April 2023 with a 35% stake, providing the ownership background to the agency’s subsequent expansion.
The recent launch of Verve Financial Institutions added financial lines products for SME to mid-market institutions globally, including banks, stock exchanges, alternative lenders and asset managers. Verve Professions adds a different customer group to that broader specialist underwriting platform.
Conclusion
Verve Professions gives the agency a dedicated US offering for four professional sectors under Clark’s leadership. The launch establishes the unit’s remit, but no premium targets or timetable for further expansion were disclosed.
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