XL adds dedicated coverage for independent directors to its product roster

In response to consumer requests for specialized liability products, XL Insurance (Bermuda) Ltd., a subsidiary of XL Capital Ltd. (NYSE:XL), today announced the extension of its XL Professional Lines portfolio.
The Company is adding dedicated coverage for independent directors of company boards to its roster of Directors & Officers (D&O) liability products.
Dubbed “A PLUS Independent”, the new product is being offered on an excess difference-in-conditions basis with a total limit of $50 million. “A PLUS Independent” is a further development of the “A PLUS D&O” product line launched last November.
“‘A PLUS Independent’ was drawn up based on customers’ inquiries for a product tailored for their independent directors as an extension of existing D&O products,” Richard Banas, chief underwriting officer for XL Professional Lines, says. “This product will respond regardless of the limit available on a standard D&O program, thereby providing independent directors with the added security they are looking for.”