Financial Institutions Directors and Officers

Financial institutions have to operate within a growing array of complex laws, rules and regulations, which increase the potential for litigation and consequent loss.

ACE provides market leading directors and officers liability insurance providing crucial protection to the company and its senior management against claims of wrongdoing from shareholders, employees, competitor companies, the government and a myriad of others.

Product highlights:

• Our highly experienced underwriting team offer brokers guidance and the ability to tailor cover to suit the individual business needs.
• Global network of underwriters and claims professionals
• Broad definition for 'wrongful act' offers businesses greater protection

Cover:

Our standard policy has a broad definition of wrongful acts and will pay for:

• Damages, judgments, expenses and defence costs
• Costs of legal representation
• Losses incurred within 30 days of management buy-outs of a subsidiary
• Costs arising from extradition proceedings
• Tax contributions where the company has become insolvent and there is personal liability of an insured director
• Actions between directors of a company
• North American exposures