Allied World Launches Executive ForceField
Allied World Bermuda has launched Executive ForceField, a new directors and officers liability policy. Executive ForceField provides broad Side A coverage for non-indemnified loss, and is available on either an excess or primary basis.
Policy highlights for Executive ForceField include: reinstated limit of liability, broad definition of “DIC Event,” broad definition of “Loss,” advancement of defense costs and pre-claim inquiry costs on a current basis, favorable notice of claim provision and worldwide coverage territory. Limits of up to $25million are available and this policy can be deployed at any attachment point above a traditional D&O program or on a primary basis.
Ed Moresco, Senior Vice President, Bermuda and International Professional Lines Product Line Manager commented, “Our new Executive ForceField policy incorporates many innovative enhancements to the usual Side A coverage, creating a leading force in the protection of directors and officers.
“We saw a growing need for more precise coverage in this space over the past several years and a void in the current market for such a targeted product. Our team continues to look for progressive solutions to meet the growing needs of our insureds and Executive ForceField provides the enhanced protection that our clients require.”
