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Coverys launches European holding company

Medical professional liability insurance provider Coverys launched Coverys European Holdings Ltd., which will be led by former Generali executives.

The new business will target noncompeting managing general agencies across Europe with complementary portfolios in the professional lines sector.

Steven Spano was named CEO while Doug Robare was appointed chief underwriting officer of Coverys European Holdings. Spano worked as U.K. country manager at Generali Group and as CFO for Generali UK, while Robare previously served as global head of financial lines at Generali Group.