Allied World Upgrades Executive ForceField

Allied World Assurance Company Holdings, announced that Allied World Bermuda has upgraded its Executive ForceField® policy to provide enhanced coverage for the protection of directors and officers of public companies.

The company said, “This upgraded Side ‘A’ Directors & Officers Excess and Lead Difference-in-Conditions insurance policy provides broad ‘Side A’ coverage for non-indemnified loss and applies on both an excess and ‘difference-in-conditions’ basis. Coverage is available worldwide with limits of up to $25 million.

Ed Moresco, Senior Vice President, Professional Liability & International Product Line Manager at Allied World Bermuda, commented, “Today’s regulatory and legal environment remains challenging. Executive management teams and corporate board members face a plethora of risks that continue to evolve.

“We listened to feedback from our trading partners and determined that it was time to upgrade our existing Executive ForceField® policy to expand coverage and provide the most up-to-date protection for our clients.”

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Category: All, Business