’Senior management make decisions on a daily basis that can be open to question at a future date,’ says head
RSA has launched a directors’ and officers’ (D&O) product that aims to protect business owners, executives and senior managers.
The insurer said the new product came amid “uncertain” times and will expand its professional and financial risks (Profin) offering.
The new proposition is aimed at UK domiciled or headquartered corporations, large domestic and multinational businesses, private firms with a turnover of over £250m and publicly traded companies.
It is available to brokers and their clients through RSA’s commercial lines mid market business.
Matt Houghton, head of financial risks at RSA, said: “We find ourselves living in a challenging and uncertain time.
“Senior management make decisions on a daily basis that can be open to question at a future date.
“At its heart, a D&O policy is designed to protect and support these individuals and the launch of this product means that we can now cover those insureds that manage the largest companies.”
Expansion
This comes after the insurer expanded its Profin offering with a design and construct professional indemnity product in October 2023 and a pension trustee liability product the previous month.
Read: RSA Insurance expands Profin offering with D&C product
Read: RSA expands professional indemnity offering with new product for brokers
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Houghton said the new D&O product built on the work it has done to refresh its propositions.
He added: “I’m delighted to launch this new product. It builds on the work we did last year in refreshing our product suite and demonstrates RSA’s, and our parent Intact’s, commitment to continual improvement and fulfilling our customer’s needs.”
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