What’s New: In Brief (July 16, 2009)

Travelers Guarantee Company of Canada is providing broader coverage for directors and officers of Canadian publicly traded companies in one endorsement.
Travelers Executive Choice CanadianEdge is for Canadian public companies with a market capitalization of Cdn$1 billion or less.
In addition to the protection offered in its public D&O liability policy, the Travelers endorsement offers the following additional protections:
• Cdn$1 million excess directors or officers individual coverage per policy period;
• Cdn$1 million employed lawyers coverage per policy period;
• expanded policy definitions;
• amended policy exclusions;
• pollution exclusion carve backs for Side A claims brought anywhere in the world on account of a security holder derivative action or a securities claim;
• defence costs coverage for Side A pollution claims brought anywhere in the world;
• guaranteed renewal clause;
• non-rescindable Side A, B and C coverage;
• automatic acquisition threshold invoked at 30% of total assets;
• perpetual run-off for former subsidiaries while policy is in force; and
• advancement of defence costs where the company fails or refuses to indemnify.

Cunningham Lindsey Canada has opened a new office in St. Jean Sur Richelieu, Quebec.
The new office is located at 523 Boulevard Seminaire Nord, suite 103.
Serge Picard is the branch manager and can be reached at 450-349-6556 or via email at spicard@cl-na.com.