Sompo International Holdings Ltd. launched a new Directors and Officers Liability insurance policy form for publicly traded companies. Nexus, an independent specialty managing general agent, has added a Brit Syndicate to its U.S. roster of carriers.
Sompo International Holdings Ltd., a Bermuda-based specialty property/casualty insurer and reinsurer, debuted a new Directors and Officers Liability (“D&O”) insurance policy form for publicly traded companies.
With over a decade of providing D&O coverage, Sompo International’s public D&O insurance policy form is the latest addition to the existing Sompo International Management Assurance Platform (“MAP”). Introduced in 2019, MAP is designed to provide private companies with the ability to customize their coverage selections in a single policy tailored to their risk profile.
In response to the needs of the public D&O market, Sompo International now offers the same platform for publicly traded companies of all sizes.
Nexus, an independent specialty managing general agent, has added a Brit Syndicate to its U.S. roster of carriers.
Because of the move, Nexus now has the ability to underwrite its miscellaneous professional liability product on an excess & surplus basis, in addition to its admitted coverage.
Both Nexus’ professional liability products can be purchased on a stand-alone basis or as part of a modular package with management liability coverages such as D&O, EPLI, fiduciary, crime, employed lawyers and cyber.
The coverage is offered through Nexus’ Financial Lines division launched earlier this year. Nexus’ targets private and not-for-profit businesses with revenues up to $250 million, coverage limits up to $5 million and the capability to write in all 50 states.
Headquartered in London, the Nexus Group was founded in 2008 as an independent, international, specialty managing general agent (MGA
Sources: Sompo International, Nexus