Arch Insurance Group, a division of Arch Capital Group Ltd., announced the formation of a new $40 million facility for ‘A’ Side Directors and Officers liability insurance. The coverage will be offered in addition to Arch’s existing $25 million capacity for standard D&O liability coverage.
The new ‘A’ side coverage protects individual directors and officers in situations where the corporation is unable to indemnify them due to state indemnification laws or insolvency. It also provides additional protection for directors and officers when primary coverage and corporate indemnification is depleted or unable to respond.
Arch’s Executive Assurance Group will underwrite the new ‘A’ Side coverage. This group consists of three underwriting units that focus on Commercial Risks, Financial Institutions, and Emerging/Middle Market Risks, which in turn, will allow Arch to specialize in every industry segment within the D&O marketplace.
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