Marsh D&O Echo Facility Announces Revised Coverage Amid Market Volatility | Insurance business America
The facility is guaranteed by Lloyd’s insurers
Occupational risks
By Kenneth Araullo
Marsh McLennan has introduced an expansion of its D&O insurance offering through the D&O Echo Facility to strengthen its customers’ financial security amid ongoing market volatility and fluctuating insurance premiums.
The D&O Echo Facility, available to Marsh’s international clientele across all major industries, including financial institutions, provides U.S.-based clients with a cap of $40 million in additional D&O insurance coverage. This coverage begins above the initial $25 million.
Additionally, Marsh offers customers the ability to secure limit reinstatement in advance or lock in a price for future reinstatement purchases, available in scenarios where existing limits are exhausted by claims.
Backed by Lloyd’s of London’s insurers, the D&O Echo facility enables clients to acquire significant insurance capacity without having to arrange multiple levels of cover with different insurers – a practice that is becoming increasingly common in the D&O insurance sector.
Stephanie Manson, UK manager of management liability at Marsh Specialty, highlighted the mixed feelings within the customer community regarding the recent tariff cuts.
“D&O Echo offers significant capacity to customers around the world without being overly dependent on a single insurer, helping to limit the risks of market volatility and providing enhanced coverage beyond what is available in the standard market said Manson.
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2024-02-15 10:36:01
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