Directors and Officers

Argo Seguros provides innovative Directors & Officers solutions for individual, SME entities and complex risks, including U.S.-listed companies, from commercial and financial institutions. The wordings can be tailored to place primary, excess, Side A and/or DIC coverage structures, attending specific client needs.

    Table of Contents

  1. Summary
  2. Highlights
  3. Amounts
  4. Info

Directors and officers (Brazil)

Argo Pro through underwriting channels provides tailored directors and officers insurance coverage to commercial companies (management liability) and financial institutions in Brazil. The coverage is designed to address the evolving risks that directors and officers are facing.


Underwriting

Submissions e-mail: linhas.financeiras@argoseguros.com.br

Management Liability

Product Target
Side A/B/C Public, local and U.S.–listed companies (OTC and ADR Level I, II and III)
Side A/B Private companies
Side A Individuals and companies
Side A DIC Individuals and companies

 

Financial Institutions

Product Target
Side A/B/C Public, local and U.S.–listed companies (OTC and ADR Level I, II and III)
Side A/B Private companies
Side A Individuals and companies
Side A DIC Individuals and companies
IMI Asset management, investment funds and private equity, venture capital and ceded capital firms
PTL Pension funds

Coverage Highlights

Basic coverages

    • Defense costs
    • Settlement, including consent decrees (“Termo de Compromisso” and “Termo de Ajustamento de Conduta”)
    • Indemnifications
  • Pre claims coverage
    • Regulatory crisis management
    • Crisis management
    • Investigation costs
  • Broader definition of losses
    • Employment practices liability
    • Tax liability
  • Extensions
    • Damage to reputation
    • Court expenses
    • Bail and judicial bound
    • Freezing of banking account (Penhora on-line)
    • Disqualification of the insured person
    • Guarantors
    • International litigations advisory
  • Exclusions carve backs
    • Pollution
    • Moral harassment
    • Bodily injury
    • Insured x insured
    • Errors and omissions (piercing of corporate veil)
    • Prior and pending claims against the entity
  • Broader definition of insured person
    • Spousal, spoil, heirs and legal representatives
    • Outside director liability (ODL)
    • Not-for-profit ODL
    • Internal lawyers professional indemnity
  • Reporting period
    • Notification of circumstances
    • Perpetual extended reporting period for retired insured persons
    • Extended reporting period: up to three years with no additional premium
    • Extended reporting period: up to three years with additional premium
  • Automatic coverage
    • Emergency costs
    • New subsidiaries
    • Debt offerings
    • Securities offering — up to 10 percent of company market capitalization
  • Territory Scope: Worldwide

 

Coverage Amounts

Management Liability

Product Target
Side A/B/C Public, local and U.S.–listed companies (OTC and ADR Level I, II and III)
Side A/B Private companies
Side A Individuals and companies
Side A DIC Individuals and companies

 

Financial Institutions

Product Target
Side A/B/C Public, local and U.S.–listed companies (OTC and ADR Level I, II and III)
Side A/B Private companies
Side A Individuals and companies
Side A DIC Individuals and companies
IMI Asset management, investment funds and private equity, venture capital and ceded capital firms
PTL Pension funds

 

Additional Information

  • SUSEP wording code: 15414.000906/2012-81

Contact

Gustavo Galrao

Superintendent of Financial Lines and Liability

55-11-3065-5922