Executive Assurance / Professional Liability
ALL PRODUCTS
- All Canadian Authority.
- Customized wordings and endorsements available on demand
Commercial D&O
- Primary ($15M) and Excess ($25M) Capacity.
- Publicly traded companies with a market capitalization in excess of $100m.
- Diminished Primary Appetite in Tech, Biotech and Junior Exploration
- No Pollution Exclusion.
- Amended Insured vs. Insured, replaced with Organization vs. Insured.
- Inquiry Coverage
Side A DIC & Broad Form Primary
- Primary ($30M) and Excess ($30M) Capacity.
- No restricted classes.
- Private, Canadian Listed, US Listed.
- No Presumptive Language in definition of Loss.
- Inquiry Coverage.
- Liberalization Provision.
- Remediation Costs.
Private Equity
- Primary ($10M) and Excess ($10M) Capacity.
- Diminished Appetite in new/inexperienced funds and companies with abstract investment strategies.
- Capability for Hedge Funds and Publically Traded Companies.
- Appetite for Portfolio Company, Investee company placements on Private Company form.
Transactional Risk Insurance Products
- Buyer and Seller Side Representations and Warranties Policies.
- Primary ($10M) and Excess ($10M) Capacity.
- Max Policy Period of 6 years
- Minimum Retention of 1.5%
- Minimum Premium of $50,000
- Diminished Appetite for:
- Financial Institutions or Financial Services Firms;
- Pharmaceutical companies;
- Healthcare and Healthcare related companies;
- For-profit Education companies;
- Social Media and High-Tech Technology companies.
Financial Institutions E&O & D&O
Banks
- Primary & Excess Capabilities.
- $10M in available capacity.
- No appetite for Investment Banking E&O on a primary level.
- Includes Credit Unions, Trust and Finance Companies
Investment Managers
- Investment Advisor & Company Form (IAF) provides E&O, D&O (public and private), EPL and Fiduciary coverage, with one shared limit.
- $10M in available Capacity
- Includes Mutual Funds, Hedge Funds, and Closed-End Publicly-traded Funds/Companies.
- Real estate asset managers/property managers can be added
- No fund size restriction.
Insurance Companies, Agents/Brokers
- Minimum Premium: $10,000, not applicable with supporting Arch business.
- Appetite for, all sizes, national, complex agencies and brokerage.
Securities Broker/Dealer
- Minimum Premium: $25,000 (however does not apply with supporting Arch business).
- Minimum Size: 50+ licensed registered representatives.
- Appetite for traditional product dealers, including stocks, bonds, funds, life.
Mortgage Broker/Bankers
- Standalone, program format, or with other Arch policies.
- No Appetite: Sub-prime and “Alt-A” specialists
Ancillary Financial Institution Products
FI Bond
- Primary ($10M) and Excess ($25M) Capabilities.
- Primarily supporting primary placements.
- Forms Include: 14 (advisors/funds/stock brokerages), 24 (banks / trusts), 25 (insurance companies).
- Double Aggregate Limit available, compliant with provincial securities commissions.
- Restrictions: Agents rider, ‘Robin Hood’ Clause (available for excess only).
Corporate Canopy (Private Multiline)
- Primary ($15M) and Excess ($25M) Capacity.
- Appetite for all sizes of risk, with no restricted classes.
- Policy Form includes: D&O, EPL, Crime, and Fiduciary with aggregated or separate policy limits.
- Minimal appetite for US Employment Practices Liability for > 50 US-based employees.
Financial Institution Programs
Life Agents & Mutual Fund Dealers, and Securities Broker/Dealers
- Limits per individual, sponsored entity, association, or independent group.
- Professional Services may include ancillary/incidental activities such as tax planning, mortgage brokering, and investment advice.
- Coverage provided for all provincial requirements, including Fraud Coverage, Defense Costs outside limits, and $5M Aggregate for Manitoba individuals.
- Restrictions: Viatical life products, Exempt Market Dealer participants, Real Estate sales (partnerships or other), agents who focus on high yield (junk) bonds or ‘alternative’ assets, programs where more than 10% of clients are leveraged or are margin accounts.
- Contact Arch for specific underwriting criteria.
Executive Assurance / Professional Liability: SERVICE COMMITMENT
24 hour timeline for response to submission. 24 hour quote turnaround on conventional Side A DIC / Side A Broad form (subject to complete information), 48 hours quote turnaround time on Private Equity, Financial Institutions E&O / D&O.