CNA launched new coverage designed to address M&A issues among insurers. Endurance unveiled a new workers compensation insurance product available to one of its divisions. Beazley just doubled its capacity for operational and fixed site environmental risks.
CNA is now marketing a director’s & officers (D&O) Lead Side A Difference in Conditions Policy, a move designed to address the increased M&A among insurers.
CNA said that need for this stems from the possibility of questions or concerns if the same consolidated carrier is present in the primary or excess D&O Side A-DIC insurance program.
Coverage highlights include an improved, streamlined policy form; D&O Side-A Policy coverage enhancements such as reinstated limits, broad definition of claim and broad DIC coverage; the inclusion of SOX 304/Dodd Frank 954 Costs in the definition of Loss.
Endurance Specialty Holdings Ltd. recently launched a new workers compensation insurance product for its Global Risk Solutions clients.
The Global Risk Solutions business line, launched earlier this year within Endurance Insurance, targets middle market and large account risk management clients within select global industry verticals.
Global Risk Solutions writes all property and casualty lines of business, and is initially focused on the real estate and hospitality, financial institutions and professional services industries in the U.S.
Beazley said it has doubled its capacity for operational and fixed site environmental risks to $50 million.
The increased limits cover the environmental liabilities of large multinational companies. They’re backed by the Beazley Elements consortium of Lloyd’s insurers: Liberty Specialty Markets, Hiscox, Barbican and Antares.
Beazley, a London-based provider of specialist environmental liability insurance, said it covers a wide range of environmental risks. Target industries include the manufacturing, industrial, real estate, hospital and educational sectors.
Sources: CNA, Endurance, Beazley