American E&S Creates Package Program for Financial Institutions

March 12, 2010

American E&S (AES) Insurance Brokers has designed an exclusive Bank Package Program that will provide bankers’ professional liability, directors and officers, and bond coverage for financial institutions nationwide.

AES designed this facility for community banks, but there are no qualification restrictions on the size or type of financial institution. Distressed banks are eligible, and the facility offers A+ rated security. D&O and BPL coverages provide limits up to $3 million, and bond coverage has limits up to $5 million. Excess limits are available by request.

AES is based in San Francisco, with additional offices in California as well as in New York, Atlanta, Denver, Nashville and Seattle.

Source: American E&S Insurance Brokers

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