Multiline property and casualty insurer Ace Group has introduced two new D&O insurance products, including D&O ProElite Domestic 2015 and D&O Express, in Germany.
The company has designed D&O ProElite Domestic 2015 to deal with risk environment in the area of liability and claims against directors and officers.
Claimed to provide additional and innovative coverage enhancements, the new policy is suitable for companies in all sectors and of all sizes, private and listed, including large multinationals.
The products features include preservation of Side A limit, professional and contractual liability cover, as well as a legal and a crisis communications helpline. In addition, it is structured as a multinational insurance programme.
Ace Germany country president Andreas Wania said: "Management liability is becoming an increasingly important risk for German companies of all sizes, with smaller ones frequently more vulnerable to this type of external threat and large multinationals facing an increasingly complex regulatory environment."
The firm’s second product D&O Express will meet the needs of brokers and their small and medium-sized clients.
Available through online, the new product offers cover through a simplified underwriting process, allowing for instant online issuing of D&O policies and quotes, with complete privacy.
The product also allows brokers to change information included in contracts such as expiry dates, addresses and term and conditions, online and without delay.
In addition, it provides an extended reporting period of up to twelve years and an unlimited extended reporting period for retired insured persons.
The company has also announced the appointment of Jana Dünkelo as the new financial lines manager for Germany.