directors and officers liability insurance News

R-T Specialty Division Launches Retired Directors Policy with Full Binding Authority

R-T Specialty, LLC’s Retired Directors Assurance Underwriting Services, a division of R-T Specialty, LLC, has a new binding authority for the Retired Directors Assurance (RDA) policy, which provides contingent liability coverage for individual retired Directors (Side A Coverage) on a …

Berkshire Hathaway Specialty Expands D&O Policies to Canada

Berkshire Hathaway Specialty Insurance has introduced the Canadian editions of the Executive First Directors & Officers Liability insurance policy and the Executive First Side A DIC Directors & Officers liability policy, designed to provide customizable coverage for the complex risks …

StartPoint Adds $25M in Capacity for U.S. D&O Market

Managing general agency StartPoint has added $25 million in new capacity for the U.S. directors & officers (D&O) insurance marketplace. The complete amount of the capacity is provided by certain syndicates at Lloyd’s (A+ rated by S&P) and is written …

AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement

American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in securities lawsuits for the preparation of “event studies.” The endorsement …

Allied World Bermuda Upgrades Public Company D&O Coverage

Allied World Bermuda has upgraded its Executive ForceField policy to provide enhanced coverage for the protection of directors and officers of public companies. This upgraded Side ‘A’ directors & officers excess and lead difference-in-conditions insurance policy provides broad ‘Side A’ …

Travelers Adds Broad Form Plus+ to D&O Liability Portfolio

Travelers has added Broad Form Plus+ to its portfolio of directors and officers (D&O) coverages as a way to protect against concerns above and beyond corporate liabilities. While many companies typically provide protection to their directors and officers for defense …

Beazley, Hiscox Form D&O Consortium with Capacity up to $50 Million

Lloyd’s of London insurers Beazley and Hiscox have partnered to offer brokers and clients a D&O consortium through which the syndicates will provide materially higher limits and offer additional options to complex risks for U.S.-domiciled companies. Central to the proposal …

Berkshire Hathaway Specialty Insurance Introduces D&O Liability Policy

Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First, a directors & officers liability insurance policy designed to address the complex and volatile risks facing directors, officers and their companies. Executive First is targeted towards large commercial and financial organizations. …

Delaware Judge Weighs D&O Insurer’s Obligation in Oracle Settlement

Attorneys for Oracle Corp. are asking a Delaware judge to order an insurer to pay $20 million to cover attorney fees related to the proposed settlement of a shareholder lawsuit. The lawsuit challenged Oracle’s 2011 acquisition of Pillar Data Systems, …

ACE Bermuda Launches New CODA Premier D&O Policy

ACE Bermuda has launched a new CODA Premier directors and officers liability policy. The CODA Premier policy offers personal asset protection to directors and officers and is available through ACE’s commercial property and casualty insurance businesses in North America. Enhancements include limits reinstatement; longer claims reporting periods; funds for public relations purposes – to contest extradition …