Allied World Bermuda launches new suite
Allied World Bermuda has launched a new suite of products that addresses a 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 (D&O), employment practices liability (EPL), employed lawyers coverage, fiduciary liability, and wage & hour coverage.
Ed Moresco, senior vice president, Bermuda and international professional liability product line manager, said: “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 customised limits and retentions.
“The ability to purchase a separate or shared limit for EPL and wage & hour, which includes indemnity and defence 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.”