ACE Adds Preferred Securities Panel Option to D&O Policies

May 7, 2012

ACE USA, the U.S.-based retail operating division of the ACE Group, has enhanced its directors & officers liability policy with a non-mandatory panel counsel option. The ACE Preferred Securities Panel consists of law firms with experience and expertise in handling complex securities litigation across many jurisdictions and industries.

Selecting a firm from the ACE Preferred Securities Panel to defend a securities claim provides policyholders with a 25 percent securities retention discount up to a maximum of $500,000.

“Nearly every industry can be affected by litigation against its management team, board of directors and the company. Securities litigation becomes very costly for companies and can distract the management team’s focus away from its business,” said Robert Wolfe, senior vice president, ACE Professional Risk. “With the potential for liability mounting, selecting the right defense counsel is paramount.”

Insurance is provided by insurance companies within the ACE Group or its allied distribution associates. Products may not be available in all locations and remain subject to ACE Professional Risk’s underwriting criteria.

ACE Professional Risk, a division of ACE USA, provides management liability, professional liability, and surety products throughout the U.S.

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