RSA launches new D&O product

RSA announced the launch of a new Financial Risks product: Directors’ and Officers’ Protection, further expanding its “market-leading” Professional and Financial Risks offering.

The new product is aimed at UK domiciled or headquartered companies, large domestic and multinational businesses, private companies with a turnover of over £250m and publicly traded companies. The product is now available to brokers and their clients, via RSA’s Commercial Lines, Mid Market business.

This D&O product follows the refresh of RSA’s Management Liability product last year and a number of product launches including a Design and Construct Professional Indemnity product in October and a Pension Trustee Liability product in September.

“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. 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 customers needs.” – Matt Houghton, Head of Financial Risks at RSA.