Arch Insurance Group Announces New Side A D&O Policy

Arch Insurance Group, a member of Arch Capital Group Ltd., announced a new, specialized management liability product in the U.S.:

“Our objective with this product is to expand the level of personal protection available to executives and board members in the instance when their company cannot or will not indemnify them” said Matthew Shulman, executive vice president, Executive Assurance Division at Arch.

“This new policy form responds as both a Lead Differences in Conditions (“DIC”) policy as well as an Excess Follow Form policy depending on the circumstances of the claim and underlying coverage.”

Coverage Highlights:

• Follow form Coverage
  • Broad exhaustion language
  • Follows important definitions of the Followed Policy
  • Drop down coverage available when underlying carrier denies or rescinds coverage, is not liable or fails to pay, fails to respond or is insolvent (subject to specific policy terms and conditions).
  • Coverage for punitive, exemplary or multiple damages
  • Coverage for civil penalties
  • Broadest coverage available in the most favorable jurisdiction
  • Fully severable personal conduct exclusions with carve backs for defense costs and independent directors
  • No Bodily Injury/Property Damage, ERISA, Pollution, Insured v. Insured or Prior Notice Exclusions

  Source: Arch Insurance Group Inc.

  Popular Today

  • Ex-Shield AI Worker Sues Over ‘Profane, Egregious’ Acts by Senior Official
  • Trump Will Ask Supreme Court to Revive $475 Million CNN Suit
  • The Future of Appraisal and the Rising Standard of Competency
  • Why Toyota RAV4s Are Suddenly the Most Coveted Used Cars in America

  Popular This Month

  • ‘Big Tobacco’ Moment for Cannabis: What Insurers Need to Know About Murray v. Cresco
  • Insurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference
  • PE Founder Constantino Ran Firm in ‘Drunken Haze,’ Ex-COO Says in Lawsuit
  • Jefferies Sued by Fund Investors Alleging Water Firm Fraud