Mercator Risk Services, a newly formed, independent wholesale insurance broker announced it has opened a management/professional liability practice and appointed industry veteran Peter McKeegan as executive vice President.

In his new role, Mercator said Mr. McKeegan will be responsible for building and leading all of the New York-based company's management/professional liability business, including directors and officers, errors and omissions, fiduciary liability, employment practices liability, bonds, and representations and warranties for merger and acquisition transactions.

Prior to joining Mercator, Mr. McKeegan was one of the original employees of Arch Insurance Group, running its management/professional liability units in the United States and U.K. Before that, he was a founding partner at Axcelera Specialty Risk, as well as a senior executive at American International Group.