Directors & Officers Liability Underwriting
Information shown is subject to change at any time and without notice.
View or download our D&O Underwriting Preferences Card.
Chicago Underwriting Group has provided Directors and Officers Liability Insurance without interruption since 1984 on both a primary and an excess basis. Our underwriting team has an average of 20 years' experience in D&O underwriting, so we can consider the more complex exposures such as initial public offerings, bankruptcies and corporate "turnarounds."
While we are recognized for our work with technology and life science industries, we are willing to consider most classes of business.
In evaluating accounts, we look for the following characteristics:
- A clearly defined and implemented risk management program, including procedures for insider trading, revenue recognition and communications with analysts and shareholders
- Majority of independent directors on the board
- Independent Audit Committee with a qualified financial expert
- A management team of experienced, reputable professionals
- A company that recognizes that a long term relationship with its insurer which is influenced, but not driven, by pricing is ultimately to its benefit
- Transparent and clear financial reporting
Other features:
- Strong financial ratings for Old Republic Insurance Company:
- A.M. Best A+ (Superior)
- Standard & Poor's A+ (Strong)
- Moody's A1 (Good)
- Fitch A+ (Strong)
- Up to $15,000,000 limit, primary or excess
- Prior acts coverage available
- Extended Reporting Period (‘discovery’) available
- Will follow most carriers for excess placements
- In house legal staff to support claims
- Can consider private companies
- 'Side A' only coverage, up to $25,000,000
- 'Run-off' coverage