Allied World Assurance Company Holdings, AG has announced the launch of Allied World Bermuda's Thirty2°/Sixty4° suite that addresses a wide range of liability exposures currently facing corporations and their executives and employees.
The Thirty2°/Sixty4° suite offers five distinct primary coverage components: Directors & Officers Liability, Employment Practices Liability (EPL), Employed Lawyers Coverage, Fiduciary Liability, and Wage & Hour Coverage.
Clients have the ability to purchase the entire package or combine only the specific components they need, with the option to choose separate or shared limits.
Ed Moresco, Senior Vice President, Bermuda and International Professional Liability Product Line Manager, commented, "This product suite fills a void in the Bermuda market as our clients may combine a number of management liability coverages into a single primary policy, with customized limits and retentions. The ability to purchase a separate or shared limit for EPL and Wage & Hour, which includes indemnity and defense costs coverage, provides maximum flexibility to our clients."
"In addition, the primary D&O Liability policy is the only one of its kind currently offered in Bermuda. We remain committed to providing our clients and trading partners the innovative risk solutions they need."