Local knowledge
Underwriters with experience across Canada and established broker and industry relationships.
ABOUT ProRISK
Specialist thinking.
Personal commitment.
Canadian market knowledge. An experienced team. A focused approach to management and specialty liability insurance.
WHO WE ARE
A clearer view.
A closer partnership.
Professional Risk Underwriters Inc. is a Canadian managing general insurance agency and a coverholder at Lloyd’s of London. We work exclusively through retail insurance brokers to support the protection of boards, leadership teams and organizations.
Our senior management team brings more than 75 years of combined underwriting, brokerage and consulting experience. That mix of perspectives shapes how we understand risk, design coverage and work with brokers.
We focus on management liability and specialty insurance for public Canadian and inter-listed companies, private businesses and non-profit organizations. In British Columbia, we operate as ProRisk Agencies.
HOW WE DO BUSINESS
Built around
the broker relationship.
Our commitment brings together people, service, products and process.
Professional & efficient
A direct, collaborative relationship focused on brokers and the insurance buyers they represent.
Governance expertise
An understanding of board practices that supports underwriting and helps identify areas for improvement.
OUR MARKET RELATIONSHIPS
Canadian insight.
Lloyd’s access.
As a managing general underwriter, we develop and manage insurance products on behalf of insurers. This includes policy wordings, applications and rating systems, supported by binding authority arrangements.
Lloyd’s is central to our operations. Our coverholder relationship provides access to a market known for specialist insurance risks and product innovation. For cyber and commercial crime, we can also approach the open market at Lloyd’s for additional capacity.
Visit Lloyd’s of London OUR SENIOR TEAM
Experience that brings
risk into focus.
Underwriting, brokerage, consulting and governance expertise, working together.
Rahul’s career spans the underwriting and management of Canadian D&O facilities, international product development, risk management and business consulting.
He began at Lloyd’s MGA Stewart Smith Canada in 1987 and later helped launch Liberty International Canada’s management liability operations. His work also included developing products and operations in the United States and Europe.
Following consulting work with Dion Durrell & Associates and independently, Rahul returned to underwriting at Zurich Canada in 2003. He left Zurich in 2007 to start ProRISK.
Adam’s management and professional liability experience spans Canada and the United States, combining primary and excess underwriting, brokerage, managing general underwriting and insurance consulting.
He began in Chubb Canada’s Executive Protection Department and held senior roles in Canada and the United States. His responsibilities included branch development, a national employment practices liability launch and underwriting results for the US Executive Protection portfolio.
Before joining ProRISK, Adam was a Vice President at Marsh Canada. He advised clients on coverage, loss exposures, risk mitigation, claims resolution, and corporate and trustee governance.
Luis Navas
Vice Chair
Luis is the founder of Global Governance Advisors and brings experience advising boards and senior management on governance and executive compensation.
His background includes corporate finance and mergers and acquisitions at BMO Nesbitt Burns, senior consulting roles at Mercer and Hay Group, and the development of independent compensation advisory businesses.
His work focuses on governance and compensation programs that support organizational strategy and shareholder interests. He holds Honours and Masters Business Administration degrees from the Richard Ivey School of Business and completed Harvard Business School’s Executive Program.
THE ProRISK ADVANTAGE
Your questions,
answered.
What is a managing general underwriter?
A managing general underwriter develops and manages products on behalf of an insurer or group of insurers. Our work includes wordings, applications, rating systems and underwriting. Unlike a wholesale broker placing business with different insurers, we act on behalf of the insurer or insurer group for each product.
Why does ProRISK use this model?
It lets us focus on the Canadian market and the needs of retail brokers and their clients. We can develop specialized products and seek suitable insurance partners as opportunities arise.
Who can work with ProRISK?
We distribute our products exclusively through retail insurance brokers. Business owners and other insurance buyers should speak with their broker about accessing ProRISK coverage.
Why Lloyd’s of London?
Lloyd’s is a long-standing specialist insurance market. Its focus on product innovation and complex risks supports the management liability and specialty products we offer.
LET’S WORK TOGETHER