Financial Lines

— Access to the Chubb global network

— UK regulated operations with ability to write admitted business across the EEA

— Excess and surplus lines eligible in the United States

— Focused on providing a high level of client service – CODA policies issued at inception

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.

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

Chubb Bermuda International is a trading name of Chubb European Group Limited registered number 1112892 registered in England & Wales with registered offices at 100 Leadenhall Street London EC3A 3BP. Chubb Bermuda International’s insurance products are provided by Chubb European Group Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Full details can be found online at https://register.fca.org.uk.