No sooner did I get my new blog up than I received a note from Old Republic Insurance Company that they too have a Side A D&O liability insurance product. We’ll be sure to invite them to participate in our next Report on that product (October 2010).
Our latest Report on Side A D&O products (October 2009) was very favorably reviewed by RBC Capital Markets’ Insurance Observations (Mark Dwelle’s very worthwhile weekly newsletter on insurance companies from an investor’s perspective); one of their readers must have passed it along to Chicago Underwriting Group.
So I am pleased to note that Old Republic has Side A D&O products, with up to $25 million capacity. They are offering lead Side A/DIC, Excess DIC, and Independent Director products.
Markets they are not interested in generally include:
Special Purpose Acquisition Companies
Private Equity Investment Groups
BTW, Chicago Underwriters Group, Old Republic’s underwriting manager for this product, has an interesting D&O newsletter at http://www.cug.com/documents/newsletter/CUGCOMments-64.pdf.