Posted on 10 Nov 2010
Markel International has launched three new products to expand its directors and officers offering and has enhanced existing D&O wording.
The new products relate to investment funds, fund managers and the liabilities arising from securities launches. The fund product covers the liability of directors and officers in relation to investment funds.
According to the insurer, the product for fund managers covers directors and officers, the fund management company and the funds they manage in relation to crime, professional indemnity and D&O exposures.
The prospectus liability product covers the liabilities of directors and officers and others in the issuing firm involved in the launch of a capital raising.
Markel added that it has enhanced its general D&O product, expanding the definition of directors and officers, as well as increasing discovery provisions and providing full cover for acquired subsidiaries.
Patrick White, senior D&O underwriter at Markel International, commented: "With these products Markel can now truly cover all aspects and types of risk in the directors' and officers' universe."