Nuts & Bolts: Arch Insurance Group, a division of Arch Capital Group Ltd., announced 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.
Carrier: Arch
States Available: May not be available in all states.
Contact: Tom Gamble, (212) 651-0490
Was this article valuable?
Here are more articles you may enjoy.
Two Dead at Tampa Office After Man Drove Car into Building and Started Shooting 
Georgia, Florida Insurers Facing New Scrutiny, Regulations After Election 
Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses 
Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement From This Issue
