According to reports, the start-up MGU will initially focus on real estate, hospitality and leisure, financial institutions and professional services industries. Verita leverages deep industry expertise, robust service, and personalised insurance offerings. It also aims to redefine new risk management processes.

Verita’s remit currently spans property, casualty, and financial lines of business and in its initial phase, the MGU will channel its efforts towards serving four pivotal industries: Real Estate, Hospitality & Leisure, Financial Institutions, and Professional Services.

Edward Chiang, President and CEO of Verita, explained: “Our commitment to industry specialisation will place Verita at the forefront of meeting the insurance product and service challenges of today’s evolving risk environment. Our mission is to provide clients with the right insurance tools to mitigate their risks, allowing them to focus on growing their businesses.”

Author: Joanna England