|Chartis Introduces Premier Excess II|
New York – April 27, 2010 – Chartis today announced the introduction of Premier Excess II, a versatile excess policy designed to ease placement of follow form financial lines coverages by providing efficient replication of underlying terms and conditions at high limits of coverage.
Developed by Chartis’ Cat Excess Liability Division, Premier Excess II simplifies the process of securing excess coverage across multiple financial lines insurance policies, including directors and officers liability, employment practices liability, fiduciary liability, and errors and omissions liability. The new form uses “plain language” wording to follow definitions and terms of the underlying policies, including claims reporting. Premier Excess II also includes a section which recognizes payments by, or on behalf of, the underlying insurers in order to facilitate policyholder access to the Premier Excess II layer.
“Drawing on our decades of excess financial lines experience, we have created Premier Excess II to bring new ease to high-limit, follow form excess coverage and claims handling. The user-friendly policy eliminates the need for lengthy renegotiation of policy wording at the excess layer, while standardizing coverage and claims handling across multiple lines and layers of coverage,” said Jeremy Johnson, President of Cat Excess Liability.
For more information on Premier Excess II, please contact Bill Hopkins at 212-458-5887 or firstname.lastname@example.org.
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.