If you are a director or an officer of a large, global company incorporated outside of North America, Chubb Bermuda International can provide you with a suite of professional liability products designed to protect your personal assets.

Coverage Highlights

Provides your company’s directors and officers with comprehensive coverage.

CODA: Broad Form Personal Asset Protection for Directors and Officers

The Corporate Officers & Directors Assurance Ltd (CODA) policy is designed to provide comprehensive coverage for directors and officers when their companies fail to indemnify them including when traditional D&O insurance programs fail to respond. The cover can be written on a primary or excess basis.  Excess coverage would ‘DIC” (drop down) where the underlying coverage is narrower or non-existent.

The normal maximum limit for CODA polices is $75m or local currency equivalent and is available to directors and officers of companies that are incorporated in the UK or The Netherlands.

Side A Directors and Officers Liability Follow Form – Personal Asset Protection for Directors and Officers

The Side a Follow Form policy is designed to provide excess coverage for directors and officers of companies that are incorporated in various jurisdictions. It specifically ‘drops down’ (by endorsement) to protect insureds who are unable to collect valid claim payments due to insolvency of an underlying insurance company.

Directors & Officers and Corporate Reimbursement Liability Insurance (D&O)

  • Maximum Limit: US $50m or local currency equivalent
  • Minimum attachment point: US $50m, €44m or £30m
     

Solicitors Professional Indemnity Insurance

ABI writes a comprehensive book of UK Solicitors offering a maximum line of £15m with a minimum attachment point of £50m.

Prospectus Liability Insurance

For companies raising funds with a prospectus in the public domain, ABI offers excess Public Offering of Securities Insurance with a maximum limit of $25m or local currency equivalent.

Contact

Financial Lines Team

Stephen French
Chief Underwriting Officer
Chubb Bermuda International
Chubb Building
100 Leadenhall Street
London EC3A 3BP
United Kingdom
Telephone: +44 (0) 20 7173 7926
Email: stephen.french@chubb.com

David Gutteridge
Financial Lines Manager
Chubb Bermuda International
Chubb Building
100 Leadenhall Street
London EC3A 3BP
United Kingdom
Telephone: +44 (0) 20 7173 7623
Email: david.gutteridge@chubb.com

Jonathan Boyd-Wallis
Senior Underwriter
Chubb Bermuda International
Chubb Building
100 Leadenhall Street
London EC3A 3BP
United Kingdom
Telephone: +44 (0) 20 7173 7150
Email: jonathan.boyd-wallis@chubb.com





All content in this material is for general information purposes only. It does not constitute personal advice or a recommendation to any individual or business of any product or service. Please refer to the policy documentation issued for full terms and conditions of coverage.

Chubb Bermuda International is a trading name of Chubb European Group SE (CEG) and Chubb Underwriting Agencies Limited (CUAL). CEG operates in the UK through a branch based at 100 Leadenhall Street, London EC3A 3BP. Risks falling within the European Economic Area are underwritten by CEG which is governed by the provisions of the French insurance code. Registered company number: 450 327 374 RCS Nanterre. Registered office: La Tour Carpe Diem, 31 Place des Corolles, Esplanade Nord, 92400 Courbevoie, France. Fully paid share capital of €896,176,662. CUAL is managing agent for Syndicate 2488 at Lloyd’s. Registered office at 100 Leadenhall Street, London EC3A 3BP.