Allied World Assurance Company Holdings, AG today 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.
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."