Allied World Bermuda, a part of Allied World Assurance Company Holdings (AWH) has introduced Executive ForceField, a new directors and officers liability policy.
Available as either an excess or primary basis, the newly launched policy is designed to provide broad Side A coverage for non-indemnified loss.
Bermuda and International Professional Lines Product Line Manager senior vice president Ed Moresco said: "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."
The policy highlights includes 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.
The policy can be deployed at any attachment point above a traditional D&O program or on a primary basis with available limits of up to $25m.
Allied World Assurance Company Holdings, through its subsidiaries provides innovative property, casualty and specialty insurance and reinsurance solutions.