Chartis Introduces Premier Excess II to Ease Placement of Financial Coverage

April 29, 2010

Chartis has introduced Premier Excess II, an excess policy designed to ease placement of follow form financial lines coverages by providing efficient replication of underlying terms and conditions at high limits of coverage.

Developed by Chartis’ Cat Excess Liability Division, Premier Excess II simplifies the process of securing excess coverage across multiple financial lines insurance policies, including directors and officers liability, employment practices liability, fiduciary liability, and errors and omissions liability.

The new form uses “plain language” wording to follow definitions and terms of the underlying policies, including claims reporting. Premier Excess II also includes a section which recognizes payments by, or on behalf of, the underlying insurers in order to facilitate policyholder access to the Premier Excess II layer.

Source: Chartis

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