ACE launches improved D&O policy

ACE has launched the next evolution of its corporate officers and directors’ assurance (CODA) premier directors and officers liability policy, protecting the personal assets of executives and board members of UK and other European companies.

The policy is available in the UK through ACE Bermuda International’s professional lines division.

The policy contains several enhancements that match exceptional coverage to changing exposures for an evolving business and regulatory environment, said ACE.

David Gutteridge, professional lines manager at ACE Bermuda International, said: “CODA’s breadth of coverage coupled with ACE’s financial strength and multinational service capabilities ensure directors and officers can focus on effectively and efficiently managing their companies with the security of knowing that they are ACE insured.”

ACE’s CODA policy was introduced in 1986.