Agile Underwriting Services has launched a new team to support brokers in the hard-to-place business risk classes.

Sydney-based Head of Emerging Risks James Crowther will lead the team with support from Senior Underwriter Steve Ross in Melbourne.

The team will focus on a range of risks including professional indemnity for financial institutions, directors’ and officers’ for ASX-listed companies, management liability, fintech, crypto and parametric weather.

“Agile Wholesale is a response to the high demand we’re seeing for hard-to-place risks,” Mr Crowther said.

“It’s a service we’ve been providing for some time with success and with the increasing demand it’s a good opportunity to formalise the offering.”

According to Agile, the team has deep connections with markets at Lloyd’s of London that specialise in difficult and distressed risks.

“We’ve been successful in sourcing and placing difficult risks in a difficult market and we’re excited to bring this to a wider audience,” Mr Ross said.

Agile CEO Robin Barham says the business has been working with its markets in London to source additional capacity for difficult risks.

“We’ll continue to grow the wholesale capacity in response to the demand in the market,” he said.