XL Group Expands Executive Liability Protection in U.S.

XL Group’s Professional Liability arm has released a new Executive and Corporate Securities Liability policy form to protect companies and their directors and officers from what it terms “an increasingly complex litigation and regulatory environment in the U.S. and around the world.”

Extensions of coverage now include both formal and informal investigations by a law enforcement or regulatory authority, and the addition of broadened defense and settlement expense coverage, among other enhancements.

XL Group’s enhanced Executive and Corporate Securities Liability Insurance Coverage includes:

XL Group’s professional liability insurance serves directors and officers, financial institutions, architects, engineers and other businesses and service professionals, in addition to cyber and technology, commercial crime and fraud, and employment practices.