Posted on 28 Apr 2010
Chartis on Tuesday announced the introduction of Premier Excess II, a versatile excess policy designed to ease placement of follow form financial lines coverages by providing efficient replication of underlying terms and conditions at high limits of coverage.
Developed by Chartis' Cat Excess Liability Division, Premier Excess II simplifies the process of securing excess coverage across multiple financial lines insurance policies, including directors and officers liability, employment practices liability, fiduciary liability, and errors and omissions liability. The new form uses “plain language” wording to follow definitions and terms of the underlying policies, including claims reporting. Premier Excess II also includes a section which recognizes payments by, or on behalf of, the underlying insurers in order to facilitate policyholder access to the Premier Excess II layer.
“Drawing on our decades of excess financial lines experience, we have created Premier Excess II to bring new ease to high-limit, follow form excess coverage and claims handling. The user-friendly policy eliminates the need for lengthy renegotiation of policy wording at the excess layer, while standardizing coverage and claims handling across multiple lines and layers of coverage,” said Jeremy Johnson, President of Cat Excess Liability.
For more information on Premier Excess II, please contact Bill Hopkins at 212-458-5887 or