Directors and Officers (Argo Insurance)

Argo Insurance’s A-Side directors and officers liability insurance targets Fortune 1000 companies and equivalents, and is offered through Bermuda and non-U.S. domiciled brokers. Argo Insurance’s excess directors and officers liability insurance targets Fortune 1000 companies and equivalents, and is offered through Bermuda and non-U.S. domiciled brokers.

Coverage Highlights

A-Side D&O:

Basis of coverage:

Follow form over the primary policy with the following exceptions:

Punitive, exemplary or multiplied damages

Policy drops down when underlying:

  • Denies coverage
  • Rescinds or cancels coverage
  • Is unable to pay due to a bankruptcy stay or injunction
  • Is in bankruptcy, liquidation, rehabilitation, etc.

Non-indemnified loss – the policy will respond when named insured:

  • Refuses or fails to indemnify
  • Is financially unable to indemnify
  • Is not permitted, required to indemnify, or advance to the insureds

Personal-conduct-only exclusions:

  • Alternative venues for arbitration hearings

Coverage available:

  • D&O

 

Excess D&O:

Basis of coverage: Excess

Coverage available: Excess D&O

Coverage Amounts

A-Side D&O:

 Minimum policy deductible: $0

 

Excess D&O:

Minimum policy deductible: Argo Insurance is typically in the second half of the coverage tower.

Coverage Limits

A-Side D&O:

Policy limits/capacity: $25 million

 

Excess D&O:

Policy limits/capacity: $15 million

Appetite & Availability

A-Side D&O:

Targeted classes: All industry groups

Excluded classes: None

Geographic availability:

  • Asia
  • Australasia
  • Bermuda
  • Canada
  • Central and South America
  • Continental Europe
  • Middle East and North Africa
  • United Kingdom
  • United States

 

Excess D&O:

Targeted classes: All industry groups except banks and pharmaceuticals

Excluded classes: Banks and pharmaceuticals

Geographic availability:

  • Asia
  • Australasia
  • Bermuda
  • Canada
  • Central and South America
  • Continental Europe
  • Middle East and North Africa
  • United Kingdom
  • United States

Additional Information

A-Side D&O:

Distribution: Bermuda and non-U.S. domiciled brokers

Additional information: Argo Insurance professional lines product detail sheet

 

Excess D&O:

Distribution: Bermuda and non-U.S. domiciled brokers

Contact

Nigel Mortimer

President, Argo Insurance

441-278-3737

William Wharton

Underwriting Manager, Professional Risks

441-278-3720

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