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
Was this article valuable?
Here are more articles you may enjoy.
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
