Allied World Launches Executive ForceField®; Directors and Officers Liability Coverage for the Canadian Market
November 18, 2014 at 10:30 AM EST
Allied World Assurance Company Holdings, AG announced today that Allied World North America has launched the Executive ForceField® product, a policy specifically developed to address coverage gaps for directors and officers of publicly traded companies, in the Canadian market. This upgraded Side ‘A’ Directors & Officers Excess and Lead Difference-in-Conditions (“DIC”) insurance policy provides broad ‘Side A’ coverage for non-indemnified loss and is available on both an excess and DIC basis. Kent Paisley, Senior Vice President, Professional Lines, will oversee the team underwriting the product. Michael Shore, Vice President, Professional Lines, will be the day-to-day contact for the team.
Mr. Paisley commented, “Since the global financial crisis, the legal and regulatory environment continues to evolve, posing new challenges for companies and their executive management teams. Our Side ‘A’ DIC policy helps protect officers of corporations, limiting their personal financial risk and any coverage gaps that may occur in a standard policy. We believe this is the next level of protection for the individuals who every day make decisions on behalf of their companies.”
For more information on Executive ForceField in Canada, please contact Michael Shore, Vice President, Professional Lines at firstname.lastname@example.org.
About Allied World
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.
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