RSA Insurance has today announced the launch of a new Financial Risks product: Directors’ and Officers’ (D&O) Protection, further expanding its market-leading Professional and Financial Risks (Profin) offering.
D&O is a specialised insurance class offering protection for business owners, executives and senior managers who can be held responsible for losses and legal costs stemming from management liability disputes.
The new product is aimed at UK domiciled or headquartered companies, large domestic and multinational businesses, private companies with a turnover of over £250m and publicly traded companies. The product is now available to brokers and their clients, via RSA’s Commercial Lines, Mid Market business.
This D&O product follows the refresh of RSA's Management Liability product last year and a number of product launches including a Design and Construct Professional Indemnity product in October and a Pension Trustee Liability product in September.
Matt Houghton, Head of Financial Risks at RSA Insurance:
“We find ourselves living in a challenging and uncertain time. Senior management make decisions on a daily basis that can be open to question at a future date. At its heart, a D&O policy is designed to protect and support these individuals, and the launch of this product means that we can now cover those insureds that manage the largest companies.
“I'm delighted to launch this new product, it builds on the work we did last year in refreshing our product suite and demonstrates RSA's, and our parent Intact's, commitment to continual improvement and fulfilling our customers needs.”
Enquiries:
Oliver Hibberd, Senior PR Manager
Tel: +44 (0) 7917 052 467
Email: oliver.hibberd@uk.rsagroup.com
Notes to editors
About RSA Insurance
RSA Insurance is a multinational insurance group. We are one of the world’s oldest general insurers, providing peace of mind to individuals and protecting small businesses and large organisations from uncertainty. We use our capabilities to anticipate and improve outcomes for customers. We have established businesses in the UK, Ireland and continental Europe.
In 2021, the former RSA Group Plc came under new ownership and is now a wholly-owned subsidiary of Intact Financial Corporation. Intact Financial Corporation is the largest provider of property and casualty insurance in Canada, a leading provider of global specialty insurance, and, with RSA, a leader in the U.K. and Ireland. The business has grown organically and through acquisitions to over $22 billion of total annual premiums.
For more information, please visit www.rsainsurance.co.uk