professional and management liability News

Everest Taps Former Chubb Exec Collura to Lead New Private Company/Non-Profit Business

Everest Re Group, Ltd. has formed the Private Company/Not-for-Profit business segment (Private/NFP) within the Everest Specialty Underwriters unit of Everest Insurance. The new business segment will fit within all areas of Everest’s expanding Financial Lines division. The Private/NFP team will …

Ed Taps Execs from Willis Towers Watson & BMS to Grow Professional & Executive Risk Team

Ed, the London-based reinsurance, wholesale and specialty broker, announced the expansion of its professional and executive risks offering with five appointments. The team, led by Paul Richards, managing director, comprises: James Baird, director Neal Hughes, divisional director Rupert Alabaster, divisional …

New AXIS Insurance Management Liability Policy Targets Private Companies

AXIS Capital Holdings Limited’s AXIS Insurance has launched AXIS Privatus Platinum, a new modular management liability policy designed to offer flexible insurance options for managing the changing needs and risks that privately held companies face in today’s complex legal and …

How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report

When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a report published by …