Specialty MGA expands D&O capacity

Specialty managing general agent Banyan Risk Ltd. announced Wednesday its alliance with global reinsurer PartnerRe to expand its directors and officers insurance capacity.

Hamilton, Bermuda-based Banyan said it can now double its line of D&O coverage to $10 million due to PartnerRe’s commitment of $5 million in capacity and support.

Banyan has been writing D&O insurance since 2021 and has written more than $130 million in premiums.