Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides access to up to £/$/€ 80,000,000 additional capacity for directors & officers liability insurance, ensuring comprehensive protection for non-indemnified loss scenarios.
A-Star provides a vital protective layer above primary D&O insurance, said WTW, explaining that the product provides directors, officers, and insured individuals with peace of mind in the face of uncertainties. A-Star safeguards against liabilities not indemnified by their companies, be it due to legal restrictions, insolvency, or denial of indemnification.
“A-Star’s unique structure harnesses the benefits of both Lloyd’s and Company market capacity, offering dynamic solutions tailored to our clients’ needs,” commented Marcus Porter-Wight, head of GB FINEX, WTW.
“It provides our clients with dedicated coverage that shields their directors and officers from uncertainties. This innovative solution is a direct response to our clients’ evolving needs, reflecting our unwavering commitment to their success in a dynamic business landscape,” Porter-Wight added.
Source: WTW
Topics Excess Surplus New Markets
Was this article valuable?
Here are more articles you may enjoy.
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
US Supreme Court Rejects Trump’s Global Tariffs 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
