CLS Risk Solutions, a leading MGA for legal indemnity and transactional property risk solutions, has announced the appointment of Vanessa Babington-Monegard as in-house Underwriting Counsel.
Vanessa qualified as a Barrister in 2008 and has been a practicing lawyer specialising in Real Estates disputes up until she joined CLS Risk Solutions. During that time, she has worked at Arden Chambers and law firms Osborne Clark LLP, Berwin Leighton Paisner LLP (now Bryan Cave Leighton Paisner LLP), King and Wood Mallesons and Withers LLP.
Vanessa will be focussed on product governance: assisting underwriters with risk analysis to provide brokers with a secure quick turnaround of indicative quotes and working with senior underwriters to develop policy wording. She will keep the teams up to date with legal developments in the areas of Rights of Light, Legal Indemnities, Environmental risks and UK and EU public law and procurement. She will also be heavily involved in CLS’s underwriting training programme as well as providing general technical guidance.
Tom O’Connor, CEO of CLS Risk Solutions, comments: “Our products and policies are highly bespoke, born out of a unique combination of underwriting expertise in real estate risks, market leading capacity and a good deal of creativity and flair. Appointing Vanessa means that we and our broker partners have the benefit of a specialist with years of experience as a practicing lawyer in this niche area at our disposal. For brokers that means a great and speedy service, a creative approach and ‘right first time’ advice and policy wording.”
CLS Risk Solutions removes uncertainty from property transactions and development projects by combining data, legal knowledge, technology and insurance capacity to create products and solutions for the UK and European property markets. It is a top 5 MGA with an ambitious 40% growth target in the UK by 2020.