Swiss-based Allied World Assurance Company Holdings, AG announced that it has added Excess D&O coverage to its existing management liability product suite in the Canadian market.
The announcement said the “Excess D&O product joins Allied World’s ForceField that offers five distinct coverage components including: Primary Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime Coverage and Kidnap & Ransom/Extortion Coverage. The new Excess D&O product will be available for public companies as well as for private and not-for profit companies.”
Kent Paisley, Senior Vice President, Head of Specialty Lines, Canada commented: “We remain committed to building a comprehensive suite of specialty products tailored for the Canadian market. The addition of the Excess D&O product helps to fill a void in the current marketplace.
The ForceField product suite, which allows clients the flexibility to customize their primary coverage, has been well received thus far. We will continue to work with our dedicated claims specialists and broker partners to provide our mutual clients with the exemplary service they have come to expect from Allied World.”
Source: Allied World Assurance